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5904 Platt Springs Road - 16 Acre Commercial Tract

SOLD 16.01 +/- Acres
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Why You'll Love It

The 16-acre property (Zoned ID - Intensive Development) is geographically situated in an area of Lexington County that has experienced significant residential growth over the past decade, specifically the emersion of single-family homes ranging from the upper $100,000's to mid $200,000 price point. With the new rooftops has come significant retail and other commercial development along Platt Springs Road and South Lake Drive, just south of the center of the Red Bank Community. There is a continued and ongoing residential development in this area, and the population growth trajectory is expected to continue in an upward direction.

With favorable schools and a continued favorable development climate within Lexington County, this area should continue to see positive economic growth and commercial investment, especially within a 2-mile radius on Platt Springs and South Lake Drive.

Of note: Lexington School District #1 purchased 33 raw acres along with South Lake Drive on the south side of Platt Springs Road, at the intersection of South Lake Drive and Bluefield Road. Plans include the construction of a new elementary school to the commission in 2022.

Read More

Parcel #/ID

007600-04-32

Property Highlights
  • Commercially zoned "ID – Intensive Development" under the Lexington County Zoning ordinance. Zoning classification allows for a multitude of commercial and retail uses, including density residential
  • Utilities: County sewer line (force main) runs along the east and north sides of the property. County water to the property. Natural gas at the property.
  • Property is situated at a signalized corner to facilitate site access
  • Desired Lexington County school district. The site is within two (2) miles of White Knoll Highschool, Carolina Springs Middle School, and Carolina Springs Elementary School
  • The Platt Springs Road and Red Bank area has experienced intense residential and commercial growth over the past 10+ years, with future growth expected
  • Limited site topography conducive for commercial development
  • No wetlands; site is nearly 100% usable

Estimated Acres:

16.01 +/- acres

Zoning:

ID - Intensive Development

Future Land Use:

ID - Intensive Development

Listing ID#:

2250269


Location
5904 Platt Springs Road
Lexington, SC 29073
Coordinates:

33.903475978213 , -81.249015027231

The subject property is located at the intersection of Platt Springs Road and Kyzer Road in Lexington County. From Interstate 20, take Exit 55 onto Highway 6 towards the south. Proceed for 3.75 miles to the intersection of South Lake Drive and Platt Springs Road. Turn right onto Platt Springs Road, then proceed past White Knoll High School for 1.25 miles. The property is located on your right across the signalized intersection.

All land qualifies for a 1031 exchange!
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