206 W Arctic Avenue, Folly Beach, SC 29439

$1,795,000
List Price
$1,795,000
Status
Active
MLS#
22009428
Subdivision
Folly Beach
Acres
0.24

Property Description

Excellent opportunity to develop a vacant lot across from the BEACH. Potential uses include a 9-room INN with grocery underneath (attached view & site plan) OR 2 residences to provide serious cash flow from vacationers (attached survey). Tons of foot traffic and sidewalks to the property that any developed use will appreciate. Currently zoned Island Commercial. Folly City Council is considering a zoning change to 2-family residential and I will post updates. Ask for an estimate of cash flow potential for EITHER use. Check land comps in the area.

Additional Information

Lot Dimensions
70 by 149
Lot Description
Beach Access
Elementary School
James Island
Middle School
Camp Road
High School
James Island Charter

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Dunes Commercial Properties.