$1,875,000

Knollwood Rd.

Florence SC, 29501

Description

Great opportunity for townhouse community. The site is approved to build 75 units by the zoning board of Florence. No sitework has begun yet but the engineer has received all approvals to allow sitework to begin. The PD has city sewer and water. Storm water pipe is already laid across the northern border, and is piped to the ditch on the eastern border. Located within city limits allowing for city water, sewer, trash pickup and natural gas options. There is no need for a sediment pond. The PD is required to keep a 15 ft vegetated border along any residential neighborhood. There already exists planted vegetation separating the Forest Lake neighborhood but will require an additional privacy fence. This project borders Forest Lake Shores, a beautiful residential neighborhood that boasts waterfront and other desirable homesite options. Many single family homes have been built there and the last few lots are currently under construction. It's also in close proximity to top notch schools in Florence school district.Many "baby boomers" are currently looking to downsize in West Florence. Forest Lake has roughly 600 homes, so this is a very desirable location. There is also a great demand for rentals in the area, so a builder/investor can enjoy both worlds.The West Florence school district is one of the best in the state of South Carolina.

Details

MLS#1905247
Sub-TypeResale
StatusActive
Days On Site199

Features

ZoningB3
Acreage6.43

Market Activity 29501

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Area Information

StateSC
CountyFlorence
CityFlorence
Zip Code29501
Area31A Other counties in South Caro
Listing VS Median (in 29501)
Price:
$1,875,000
low | high
Med:
$199,900
100% of Average
On Site:
199
low | high
Med:
127
100% of Average
Listing Updated: 09/21/2019
MLS Number: 1905247
Listing Provided By:
Esti Simantov  of  NHD Realty LLC