one of a kind excellent location...folly beach, sc 29439 f o r s a l e $ 1 , 7 9 5 , 0 0 0 p s f...
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F O R S A L E
EXCELLENT LOCATIONONE OF A KIND
D E V E L O P A B L E L A N D
P A V I L I O N W A T C H P A R C E LCenter St & W Arctic AveFolly Beach, SC 29439For Sale $1,795,000 PSF Dunes Commercial Properties is proud to present approximately 0.22 acres of developable land in the primecommercial area of Folly Beach. This property is a corner lot with approximately 75 feet of frontage on Center St.and 130 feet on W Arctic Avenue, making this site's location one of a kind with excellent visibility to locals andvisitors. This property is zoned Island Commercial (IC) and consists of mixed-use types that accommodate retail, office,parking, and other commercial uses. The zoning allows for a max. height of 40 feet above Base Flood Elevation. Folly Beach is a barrier island in South Carolina, just south of Charleston. It’s home to the Folly Beach Pier,stretching more than 1,000 feet into the ocean. Center Street is lined with surf and souvenir shops, restaurants, andoffices. Folly Beach County Park has picnic areas and a pelican rookery. As well as beaches and wildlife-richhabitats, Lighthouse Inlet Heritage Preserve has views of Morris Island Lighthouse, completed in 1876. Due to its central location and one block proximity to the beach, this property is a one of a kind developmentopportunity. In addition, the shortage of retail, commercial, and parking spaces presents a great opportunity to addcommercial real estate space to a tight market.
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L O C A T I O N : C I T Y O F F O L L Y B E A C H
Folly Beach
Charleston
| Located in the heart of Folly Beach
| 20 Minutes from downtown Charleston
3 International
Airport
| 35 Minutes from CHS Airport
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F O L L Y B E A C H
Video Link: bit.ly/FollyBeachIntro
E C O N O M Y A N D T O U R I S M
The City of Folly Beach's economy has had an average annual growth rate of 11% since 2009, a robust rate muchhigher than that of similar Charleston area beach communities as well as that of Charleston County.
The number of annual Charleston area visitor trips that included visiting Folly Beach was estimated to be nearly1 million, and this total represented about 21% of all Charleston area visitor trips during 2014.
Charleston Area visitor spending attributed to the City, including its beach areas, generated approximately $22million in annual tax revenue for the federal, state, and local governments during 2014.
A very thorough study was performed in 2014 and it is available on the City of Folly Beach's website. Link: bit.ly/FollysEconomicImpact. Provided below are a few of the findings from this study:
The City of Folly Beach has an active Tourism and Visitor committee, with reports showing the gross tax receiptsfrom the City of Folly Beach in 2019 to be $49,972,136, an 8.21% increase from the prior year.
G E N E R A L N O T E S
Parking requirements for medical offices or general offices are 1 per every 300 square feet.
A bar is not allowed; a restaurant with alcohol is allowed. 1 space per 3 people of fire-rated capacity.
Parking has to be on site or within 600 feet of a property you also own.
No new curb cuts are allowed on Center Street, the access from Arctic, or the Alley.
New buildings need to be approved by the Design Review Board.
This parcel is owned by the Pavilion Watch Homeowners Association (HOA), who will be responsible forapproving the sale.
Parking requirements, building codes, and allowed uses may change at any time. Visit the City of Folly Beach ordinanceportal for up to date information. Dunes Commercial Properties and/or its associates do not warrant or guarantee anyinformation regarding parking requirements, building codes, and allowed uses.
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CONTACT
LUIZ T. YAMASHITA, CCIMT.
JORDAN PIERCEFinance Head
T: +1 (843) 608-8882
11 Fulton Street
Charleston, SC 29401
MICHAEL RICHARDSONT.
T: +1 (843) 312-6793
11 Fulton Street
Charleston, SC 29401