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Huger St - Huger & Morrison Redevelopment Opportunity

2.5 Acres of Commercial Land Offered at $35,550,001 CAD in Charleston, SC 29403

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Investment Highlights

Gateway to NoMo District
Mixed Use Opportunity
Located in an Opportunity Zone

Flexible Upper Peninsula (UP) Zoning
±2.5 AC / ±108,900 SF
Huger Street streetscape project is in it’s final approval phase and will include bike lanes, sidewalks and landscaping

Executive Summary

The properties are owned by two separate entities. Waterfront Employers ILA Pension and Welfare Fund owns approximately 1.5 AC, including TMS #s: 459-01-04-025, 459-01-04-026 & 459-01-04-010, and International Longshoremen’s Association Local 1422-A owns ±0.92 AC, including TMS #s: 459-01-04-008, 459-01-04-009, & 459-01-04-007, together, “Owners.” The parties have agreed to market the properties together, but their members and boards will need to approve the sale and each parcel will be sold and conveyed separately.

Huger, Morrison & Stuart Street Parcels Package - Compressed

Property Facts

Price	$35,550,001 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Multifamily
Sale Conditions	Redevelopment Project	Total Lot Size	2.50 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land	Parcel Number	459-01-01-004

Price	$35,550,001 CAD
Sale Type	Investment
Sale Conditions	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Multifamily
Total Lot Size	2.50 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parcel Number	459-01-01-004

1 Lot Available

Lot

Price	$35,550,001 CAD	Lot Size	2.50 AC
Price Per AC	$14,220,001 CAD

Price	$35,550,001 CAD
Price Per AC	$14,220,001 CAD
Lot Size	2.50 AC

The properties are owned by two separate entities. Waterfront Employers ILA Pension and Welfare Fund owns approximately 1.5 AC, and International Longshoremen’s Association Local 1422-A owns approximately 0.92 AC.

Description

Huger Street and Morrison Drive redevelopment opportunity. This project consists of approximately 2.5 acres of land located in the heart of the NoMo district. The property is zoned UP (Upper Peninsula) and located in an Opportunity Zone. UP zoning is the city of Charleston’s most favorable zoning classification, allowing for retail, apartment and office use. The central site location allows easy access to King Street and Charleston’s historic district, as well as North Charleston, the airport, Mt. Pleasant, and James Island due to its proximity to Hwy 17 and I-26. Property is being sold in "As-Is" condition.

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Huger St, Charleston, SC - aerial map view

Walk Score ®

Very Walkable (78)

Bike Score ®

Very Bikeable (82)

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zoning

Zoning Code	AE
AE

Listing ID: 24360125
Date on Market: 2021-10-25
Last Updated:
Address: Huger St, Charleston, SC 29403

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