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1865 State Road presents a rare opportunity to acquire +/-5. 06 acres in the heart of one of Summerville's fastest-growing commercial corridors. Positioned at the convergence of major residential and commercial growth between Summerville, Goose Creek, and Moncks Corner, this highly visible property offers exceptional future development and investment potential within one of the Lowcountry's most active expansion corridors. Located on highly traveled State Road (Hwy 176) with approximately 135 feet of frontage and traffic counts of approximately 33, 500 vehicles per day, the property is strategically situated near the signalized intersection at Nexton Parkway with convenient access to Nexton, Cane Bay, I-26, and the rapidly expanding Berkeley and Dorchester County markets. SurroundingSurrounding development includes major residential communities, multifamily projects, medical and professional services, retail expansion, and growing commercial infrastructure. The site currently includes an existing ±2, 177 SF residence which may provide interim office or operational use for a small business, professional office, service company, or redevelopment opportunity. Additional improvements include a newer ±500 SF pole barn/storage building. Adjacent property has recently been rezoned to office use, further supporting the corridor's evolving commercial growth pattern. Potential uses may include medical office, professional office, flex commercial, service commercial, boutique retail, daycare/educational use, mixed-use, or future redevelopment subject to zoning and approvals. Currently served by well and septic. Public water and sewer are believed to be nearby on the opposite side of State Road (buyer to verify availability and capacity). Additional adjoining acreage may also be available through separate ownership, creating the potential assemblage opportunity of up to approximately 15 total acres. Strategically positioned within Summerville's premier growth corridor, 1865 State Road offers investors, developers, and owner-users the opportunity to secure a highly visible tract surrounded by explosive residential and commercial expansion.
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Our Executive Mortgage Banker:
$1,875,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,500,000 | $1,500,000 | $1,500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.411% | 6.487% | 6.309% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,114 | $9,358 | $12,759 |
| Total Monthly Payment | $9,239 | $9,483 | $12,884 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.