±5.6 Acre Parcel Sold In The Neck Area Of Charleston’s Peninsula

AI Charleston is pleased to announce that veteran broker Jack Owens, CCIM facilitated the sale of approximately 5.6 acres of land located at 2003 Cherry Hill Lane. The property is situated just minutes from downtown Charleston, the South Carolina Port, and Park Circle/ North Charleston. It was purchased by PDP Acquisitions, a Charlotte developer, for redevelopment purposes. It will lease short-term as a laydown yard, and in the future, it will be developed for multi-family and storage use. Jack represented the seller, Gerald McMahon. The parcel sold for $6 million.