R-2 Multifamily Development Opportunity - Corner Lot Near Park Circle. Recently zoned R-2 Multifamily by the City of North Charleston, this 0.8-acre corner lot (a combination of 1628 and 1634 Sumner Avenue TMS# 473-14-00-100)) offers exceptional potential for new multifamily development.The property currently includes two homes and one mobile home, all conveying at no value. It's ideally situated between Stallion Grove Apartments to the rear and Read Street Apartments to the right, with the Charleston Farms Community Center--featuring a community plant nursery--directly across the street.A new survey has been ordered and is expected in January, marking property corners, setbacks, and easements. In the meantime, an older plat and the City of North Charleston's R-2 multifamily guidelines are available under documents. According to current guidelines, R-2 zoning allows buildings up to 200 feet in length with a maximum of 8 units per building. For reference, Stallion Grove Apartments behind the property currently includes 16 single-level units on just 0.55 acres. This is a rare opportunity to invest early in an area experiencing rapid growth and redevelopment. Just one block away, Attaway Street connects Charleston Farms to the vibrant Park Circle community -- home to popular restaurants, nightlife, and boutique shopping.
