WATERFRONT RESORT HOTEL DEVELOPMENT SITE

Transcription

1 FOR SALE LAND WATERFRONT RESORT HOTEL DEVELOPMENT SITE 400 Bass Drive Santee, SC PRESENTED BY: BURT RHODES Senior Advisor DANIEL DUKES SUP Real Estate, Inc Broker PROPERTY HIGHLIGHTS Resort Waterfront Vacation Destination with Strong visibility from I-95 (most heavily traveled east coast Interstate) 1.8 Acre Waterfront Hotel Site World Class Sportsman's Paradise and Golf Haven Halfway point between Charleston and Columbia (1 hour drive)

2 DISCLAIMER The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

3 TABLE OF CONTENTS 1. PROPERTY INFORMATION 4 Executive Summary 5 Complete Highlights 6 2. LOCATION INFORMATION 7 Location Maps 8 3. DEMOGRAPHICS 9 Demographics Report 10 Demographics Map SALE COMPARABLES 12 Sale Comps 13 Sale Comps Summary 16 Sale Comps Map ADDITIONAL INFORMATION 18 Additional Photos ADVISOR BIOS 20 Senior Advisor Partner - Bio 21 Advisor Broker - Bio 22

4 1 PROPERTY INFORMATION

5 SECTION 1 PROPERTY INFORMATION Executive Summary SALE OVERVIEWVIEW SALE PRICE: $1,250,000 LOT SIZE: 1.8 Acres APN #: PROPERTY DESCRIPTION SVN is pleased to offer a 1.8 acre shovel ready Hotel/Resort site. This property sits neatly between Lake Marion and the frontage road parallel to Interstate I - 95, This location provides a unique opportunity for development, as any future Hotel would attract a plethora of attention those travelling on interstate I-95, due to its close proximity to the Interstate, and lack of visual obstructions. The adjacent property, operated by Lake Marion Watersports. ZONING: CG - Commercial General MARKET: Orangeburg County SUB MARKET: Santee CROSS STREETS: Interstate 95 & Bass Road TRAFFIC COUNT: 33,900 5

6 SECTION 1 PROPERTY INFORMATION Complete Highlights PROPERTY HIGHLIGHTS Resort Waterfront Vacation Destination with Strong visibility from I-95 (most heavily traveled east coast Interstate) 1.8 Acre Waterfront Hotel Site World Class Sportsman's Paradise and Golf Haven Halfway point between Charleston and Columbia (1 hour drive) 6

7 2 LOCATION INFORMATION

8 SECTION 2 LOCATION INFORMATION Location Maps 8

9 3 DEMOGRAPHICS

10 SECTION 3 DEMOGRAPHICS Demographics Report 1 MILE 3 MILES 5 MILES Total households 1,845 14,438 25,533 Total persons per hh Average hh income $94,245 $93,803 $97,984 Average house value $332,164 $398,381 $401,546 1 MILE 3 MILES 5 MILES Total population 4,331 34,151 62,359 Median age Median age (male) Median age (female) * Demographic data derived from 2010 US Census 10

11 SECTION 3 DEMOGRAPHICS Demographics Map POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 4,331 34,151 62,359 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 1,845 14,438 25,533 # OF PERSONS PER HH AVERAGE HH INCOME $94,245 $93,803 $97,984 AVERAGE HOUSE VALUE $332,164 $398,381 $401,546 11

12 4 SALE COMPARABLES

13 SECTION 4 SALE COMPARABLES Sale Comps SUBJECT PROPERTY 400 Bass Drive Santee, SC Sale Price: $1,250,000 Lot Size: 1.8 AC Price PSF: $15.94 Price / AC: $694, OLD HIGHWAY 6 HWY SANTEE 9135 Old Highway 6 Hwy Santee, SC Sale Price: $575,000 Lot Size: 2.4 AC Price PSF: $5.50 Price / AC: $239,583 1 Land of 2.40 AC is for sale at $575,000 ($239,583.33/AC) 2 BRITAIN STREET SANTEE Britain St Santee, SC Sale Price: $195,000 Lot Size: 0.78 AC Price PSF: $5.74 Price / AC: $250,000 2 Land of 0.78 AC is for sale at $195,000 (250,000/AC) BASS DR SANTEE 676 Bass Dr Santee, SC Sale Price: $900,000 Lot Size: 1.53 AC Price PSF: $13.50 Price / AC: $588,235 3 Land of 1.53 AC is for sale at $900,000 (588,235.29/AC) 13

14 SECTION 4 SALE COMPARABLES Sale Comps CHARLESTON HWY SAINT GEORGE 9622 Charleston Hwy Saint George, SC Sale Price: $300,000 Lot Size: 1.2 AC Price PSF: $5.74 Price / AC: $250,000 4 Land of 1.20 AC is for sale at $300,000 ($250,000/AC) WEST MAIN STREET HARLEYVILLE - DOLLAR GENERAL 121 W Main St Harleyville, SC Sale Price: $887,500 Lot Size: 1.84 AC Price PSF: $11.07 Price / AC: $482,336 Closed: 07/21/ Commercial Land of 1.84 AC Sold on 7/21/2010 for $887, ST MATHEWS ROAD ORANGEBURG 3602 St Mathews Rd Orangeburg, SC Sale Price: $875,000 Lot Size: 1.64 AC Price PSF: $12.25 Price / AC: $533,536 6 Land of 1.64 AC is for sale at $875,000 ($533,536.59/AC) SAINT MATTHEWS ROAD ORANGEBURG - KFC 3524 Saint Matthews Rd Orangeburg, SC Sale Price: $800,000 Lot Size: 1.21 AC Price PSF: $15.18 Price / AC: $661,157 Closed: 07/21/ Multi-Property sale for $800,000 ($661,157.02/AC) 14

15 SECTION 4 SALE COMPARABLES Sale Comps 8 ST MATTHEWS ROAD ORANGEBURG St Matthews Chestnut St Orangeburg, SC Sale Price: $655,000 Lot Size: 1.5 AC Price PSF: $10.02 Price / AC: $436,666 Closed: 04/15/ Commercial Land of 1.50 AC Sold on 4/15/2015 for $655,000 ($436,66.67/AC) NORTH ROAD ORANGEBURG 2500 North Road Orangeburg, SC Sale Price: $1,160,765 Lot Size: 3.17 AC Price PSF: $8.41 Price / AC: $366, Land Properties For Sale at $1,160,765 ($336,171.92/AC) 15

16 SECTION 4 SALE COMPARABLES Sale Comps Summary SUBJECT PROPERTY PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP Santee, SC Resort t Hotel Site 400 Bass Drive Santee, SC $1,250, AC $15.94 $694,444 - SALE COMPS PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP Old Highway 6 Hwy Santee 9135 Old Highway 6 Hwy Santee, SC Britain Street t Santee Britain St Santee, SC Bass Dr Santee 676 Bass Dr Santee, SC Charleston Hwy Saint t George 9622 Charleston Hwy Saint George, SC West t Main Street t Harleyville - Dollar r General 121 W Main St Harleyville, SC St t Mathews Road Orangeburg 3602 St Mathews Rd Orangeburg, SC Saint t Matthews Road Orangeburg g - KFC 3524 Saint Matthews Rd Orangeburg, SC St t Matthews Road Orangeburg St Matthews Chestnut St Orangeburg, SC North Road Orangeburg 2500 North Road Orangeburg, SC $575, AC $5.50 $239,583 N/A $195, AC $5.74 $250,000 N/A $900, AC $13.50 $588,235 N/A $300, AC $5.74 $250,000 N/A $887, AC $11.07 $482,336 N/A $875, AC $12.25 $533,536 N/A $800, AC $15.18 $661,157 N/A $655, AC $10.02 $436,666 N/A $1,160, AC $8.41 $366,171 N/A PRICE LOT SIZE PRICE/SF PRICE/AC CAP TOTALS/AVERAGES $705, AC $10.72 $467,127-16

17 SECTION 4 SALE COMPARABLES Sale Comps Map SUBJECT PROPERTY 400 Bass Drive Santee, SC OLD HIGHWAY 6 HWY SANTEE 9135 Old Highway 6 Hwy Santee, SC CHARLESTON HWY SAINT GEORGE 9622 Charleston Hwy Saint George, SC SAINT MATTHEWS ROAD ORANGEBURG - KFC 3524 Saint Matthews Rd Orangeburg, SC BRITAIN STREET SANTEE 2 Britain St Santee, SC WEST MAIN STREET HARLEYVILLE - DOLLAR GENERAL 121 W Main St Harleyville, SC ST MATTHEWS ROAD ORANGEBURG St Matthews Chestnut St Orangeburg, SC BASS DR SANTEE Bass Dr Santee, SC ST MATHEWS ROAD 6 ORANGEBURG 3602 St Mathews Rd Orangeburg, SC NORTH ROAD ORANGEBURG North Road Orangeburg, SC

18 5 ADDITIONAL INFORMATION

19 SECTION 5 ADDITIONAL INFORMATION Additional Photos 19

20 6 ADVISOR BIOS

21 SECTION 6 ADVISOR BIOS Senior Advisor Partner - Bio Burt Rhodes Senior Advisor SVN GASC Memberships & Affiliations Rhodes is affiliated with numerous professional associations including: CID (Commercial Investment Division) of the Charleston Trident Association of Realtors, ULI (Urban Land Institute), SCEDA (South Carolina Economic Development Association), CRDA (Charleston Regional Development Alliance), BOMA (Building Owner and Manager Association), IFMA (International Facility Managers Association), USGBC (US Green Building Council}, South Carolina Chamber of Commerce, and AIA (American Association of Architects). Rhodes is also a candidate for the prestigious CCIM (Certified Commercial Investment Member) designation. Phone: Cell: Burt Rhodes serves as a Senior Advisor and Partner with SVN International, specializing in income producing real estate with a focus on Land, Development, and Site selection in South Carolina. Rhodes has 30 years of entrepreneurial, sales, business development, and marketing experience, including construction and development. With a lifelong personal history in the Charleston area, he offers in-depth knowledge and relationships throughout Charleston, the Tri-county, and South Carolina marketplace. As an active commercial broker, construction executive, and burgeoning developer, Rhodes is affiliated with numerous professional associations including: CID (Commercial Investment Division) of the Charleston Trident Association of Realtors, ULI (Urban Land Institute), SCEDA (South Carolina Economic Development Association), CRDA (Charleston Regional Development Alliance), BOMA (Building Owner and Manager Association), IFMA (International Facility Managers Association), USGBC (US Green Building Council}, South Carolina Chamber of Commerce, and AIA (American Association of Architects). Rhodes is also a candidate for the prestigious CCIM (Certified Commercial Investment Member) designation. As an active participant in the Charleston area community, Rhodes is a family man, an involved member of his local church, a former board member of the local YMCA, serves on the Board of Visitors of Charleston Southern University, and a youth baseball coach. Rhodes is a recipient of the Low Country Homes and Interiors People s Choice Award and an award-winning top sales producer of a Fortune 500 company. Rhodes educational background includes undergraduate studies in business administration and numerous industry-specific certifications. burtrhodes@svn.com Address: 575 King Street Charleston, SC

22 SECTION 6 ADVISOR BIOS Advisor Broker - Bio Daniel Dukes Broker SUP Real Estate, Inc Daniel Dukes is a realtor with SUP Real Estate, Inc. specializing in land development and sales and commercial sales. Daniel is also co-owner of Oak Marsh Homes, LLC building custom homes in the Charleston area. Before beginning his real estate career in 2008 and home building business, Daniel was a Senior Vice President at the College of Charleston. As a lifelong resident of the Charleston area, Daniel is very familiar with the Santee market and its attractiveness to golfers, fishermen, hunters, and nature lovers of all kinds. Phone: Cell: Daniel is active as a member of East Cooper Baptist Church serving as an Elder, a member of the board of Palmetto Christian Academy, and a leader of a Community Group. He is married to Vicky Dukes, and has 2 daughters Jarrett and Jordan and lives in Mount Pleasant, SC. Daniel hold a bachelor s degree from the College of Charleston and a master s degree from the College of Charleston and the University of South Carolina. dsdukes@comcast.net Address: 497 Bramson Court Suite 101 Mount Pleasant, SC