3,754 Acres - Charleston, SC
Contact Exclusive Brokers:
Thomas M. Boulware, CCIM E. David Grubbs, Jr.,
180 Meeting Street, Suite 310 180 Meeting Street, Suite 310
Charleston, SC 29401 Charleston, SC 29401
direct 843 720 4944 direct 843 720 4944
cell 843 270 9124 cell 843 814 6111
For more information visit our website at
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no
reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
REGIONAL LOCATION MAP
Reevesville Harleyville Moncks Corner
St. George 176
78 Berkeley County
Ridgeville Keystone Preserve
Summerville Goose Creek Awendaw
Dorchester County Hanahan
526 Mt. Pleasant
Isle of Palms
17 Sullivan’s Island Atlantic Ocean
Keystone Francis Marion &
Ross Perot Jr./Hillwood Development
& Trammell Crowe Sumter National Forests
Ladson BP Amoco/ Nucor
Lincolnville Goose Creek Awendaw
Hanahan Clements Ferry Rd.
Force Base New Harris Teeter
Mount Pleasant t
! New Roper Hospital
Charleston International Grocery Store
North Keystone Preserve
Airport Charleston Highway 41
New Super Wal-Mart Huger, SC
! Mt. Pleasant This information submitted is not guaranteed. Although
obtained from reliable sources, all information should be
Mall Town Center
Navy Base Port confirmed prior to use or reliance upon the information.
This document may not be reproduced in whole or in
part without the express written consent of NAI Avant.
Isle of Palms
17 Ship Terminal
Charleston Executive Created: October 5, 2010
Keystone Preserve represents a unique land offering in the Charleston, South Carolina market that offers a
prime location, favorable entitlements and pricing that allows for a myriad of uses. The Property is easily
accessible to all major submarkets of Charleston while maintaining rural character.
Keystone Preserve totals 4,482.77 acres, of which 728.01 acres have been sold. A total of 3,754.76
acres are available for acquisition.
There are 21 remaining tracts ranging in size from 7.14 to 675.91 acres. Each tract has frontage
on Highway 41 (state highway), Charity Church Road (county road) or United Drive (county road).
Remaining available tracts are summarized on the attached Inventory and Price List.
The following breakdown gives a general configuration :
Highway 41 Tracts: 2,602.03 acres in 7 tracts ranging from 174.02 to 675.91 acres.
Charity Church Road Tracts: 204.31 acres in 3 tracts ranging from 60.49 to 73.17 acres.
United Drive Tracts: 948.42 acres in 11 tracts ranging from 7.14 to 256.27 acres.
The Property is available for purchase in bulk, or by multiple or individual tracts.
Pricing for individual tracts is reflected on the attached Inventory and Price List.
Keystone is heavily forested, with relatively flat topography and intermittent wetlands.
Tracts are currently served by well and septic systems. Public water is available to the Property
via a water main along Highway 41.
Location & Area
Keystone Preserve is located just off Highway 41 in southeastern Berkeley County, near Charleston, South
Carolina. This portion of the tri-county market has several natural barriers which directly impact the direc-
tion of growth and land availability. (The Wando and Cooper Rivers along with the Atlantic Ocean have
created this “East of the Cooper/Mt. Pleasant” submarket.) East of the Cooper/Mt. Pleasant is recognized
as a high end,affluent area with excellent demographics. Keystone’s favorable location within this market
lends itself to an upscale highly amenitized community in the future.
The Property is contiguous to the historic East Cooper Plantation District and is surrounded on
three sides by the 300,000-acre Francis Marion National Forest. These characteristics contribute
to a shortage of privately owned land in this “East of the Cooper” submarket. Keystone is one of
a few significantly sized, privately owned parcels East of the Cooper River where land is rarely
available for purchase.
The surrounding area is characterized by historic plantations, vast national forest, historic rural
settlements, horse farms and estate properties.
Keystone is located approximately 15 minutes from Daniel Island, 10 minutes from the Mt. Pleasant
town limits (Wando River), 20 minutes from Mt. Pleasant Town Centre and 35 minutes from
Located within close proximity of the Property are the Wando and Cooper Rivers, Atlantic Ocean,
Isle of Palms, Sullivan’s Island, Mt. Pleasant Regional Airport, Charleston International Airport,
Interstate Loop 526, Interstate 26 and Highway 17.
Keystone Preserve is zoned and governed by a development agreement with Berkeley County.
The terms of the agreement will be in effect for 50 years from the October 2007 adoption date.
Per the development agreement, minimum lot sizes at Keystone Preserve can range from 1.0 to
1.5 acres dependent on the tract. All other property uses and development standards will
correspond to the Berkeley County “Flex-1” zoning ordinance in effect at the time of the adoption
of the development agreement. Uses allowed include single-family, agricultural, silvicultural
The ability to dig “borrow pits” and mine dirt is protected under the development agreement,
which is subject to permitting by the state agencies. This can add significant value for someone
that would like to create water features and sell the material for various road and building projects.
Most properties within this market are not zoned to permit such activities.
Ownership has retained the ability to assign density to each tract. Densities will be assigned to
tracts at the time of contract with buyers and will be based on the use desires of the buyer, as well
as certain density stipulations of the development agreement.
Keystone is also governed by covenants and restrictions, which ownership will use to protect the
integrity, aesthetics and character of the Property.
Among the favorable terms of the development agreement is the ability to mine dirt on the Property,
as wellas the ability to have all development plans approved at County planning and engineering
staff levels, rather than at the planning commission or County Council levels.
Keystone Preserve represents one of the most well-located large tracts of land available for
purchase in the Charleston metro area and presents the opportunity to purchase property in an
area that very seldom has land available for sale.
Due to geographic, topographic, zoning and conservation constraints on land within the greater
Charleston market, Keystone is one of only a few remaining large tracts available for development
within the metro area.
The in-place development agreement fully vests Keystone’s use and development rights for 50
years. This will protect the Property from any down-zonings or development restrictions enacted
on surrounding Berkeley County property in the future.
Pricing at Keystone Preserve is very reasonable, especially when compared to other tracts within
the Charleston market.
Charleston Area Economic Indicators
The Charleston Tri-County market is comprised of three counties: Berkeley, Charleston and Dorchester.
There are varying natural boundaries (the Atlantic Ocean and various river systems) that impact the market
and the direction in which is grows. The following are several economic indicators and highlights of recent
economic announcements that reflect Charleston’s growing economy.
South Carolina, particularly the LowCountry, continues to be a top spot for migration in the Southeast.
From 2000-2009 Berkeley County grew by 21.7% , Charleston County by 14.6% and Dorchester
County by 35.4%.
Boeing announced in 2009 that it would build a second assembly plant in Charleston to build the new
787 Dreamliner Planes, which will create 3,800 jobs at the facility and 15,000 overall jobs. The
assembly plant is due to open in 2012. The current list of orders for these planes ensures more than
ten years of production.
CURI is an acronym for Clemson University Restoration Institute which is located at the former Navy
Base in North Charleston. Clemson University and the Department of Energy have combined forces to
study windenergy and various components that are used to construct wind turbines. The initial capital
investment is $98 million dollars.
Port Expansion. The State Ports Authority has plans to expand is presence in Charleston by building a
new port at the southern tip of the former Navy Base. This is in preparation for the anticipated
increase in volume due to the “Panamax” project. The Panamax project is underway and consists of
widening of the Panama Canal to accommodate larger “Supertanker” ships that will be able to travel
from the west coast to the east coast more efficiently. This anticipated port volume has spurned
investments by several major industrial developers in our market. The Hillwood Group(Ross Perot,Jr),
Trammell Crowe, Johnson Development, and The Rockefeller Group/Mead Westvaco(Joint Venture)
have made significant land acquisitions in the Summerville/Jedburg market to create an inland port.
TBC, an affiliate of Tire Kingdom, is the first major tenant to announce their intentions to locate their
North American distribution center within this area. The building will be 1.2 million square feet.
Cruise Ships added Charleston as a destination port during 2010 and the State Ports Authority
(SPA) expects to host 67 cruise calls during 2010. The SPA has plans to build a new passenger
terminal on the north end of the Union pier. The project is currently in the design stages.
Residential Growth. Unlike most of the country, the tri-county residential market remains active.
Recently DR Horton, David Weekly Homes, and Lennar have made raw land acquisitions in 2010,
which is significant given today’s environment.
Charleston Regional Business Journal Market Facts Weblink 2010
SITE PLAN Tract
1-9B 8.72 ac
7.14 ac Tract
Tract Tract 1-2A 69.13 ac
1-9A 111.04 ac
Tract 5 Tract 1-8
149.44 ac 101.47 ac Tract
PLANTATION Tract 1-7 Tract 1-6
256.27 ac SOLD
74.11 ac Tract
Tract A-5 1-4B
468.18 ac 43.89 ac
1-13 43.04 ac
CEDAR HILL Tract A-1 73.17 ac
PLANTATION 189.90 ac
97.69 ac SOLD
Tract FRANCIS MARION
66.97 ac SOLD NATIONAL FOREST
State Highway Tract
County Road 1-18A 39.51 ac
49.69 ac 60.49 ac
Internal Timber Road
Adjacent Plantation Property
Francis Marion National Forest
HIGHWAY 41 FRONTAGE TRACTS
TRACT ACREAGE STATUS PRICE
Tract A 425.92 Available $4,210,000
Tract A-1 189.90 Available $1,880,000
Tract A-2 444.46 Available $4,400,000
Tract A-3 675.91 Available $6,690,000
Tract A-4 223.64 Available $2,210,000
Tract A-5 468.18 Available $4,630,000
Tract 6 174.02 Available $1,720,000
TOTAL AVAILABLE: 2,602.03
NORTH CHARITY CHURCH ROAD TRACTS
Tract 1-12A 43.04 Sold
Tract 1-12B 70.65 Available $810,000
Tract 1-13 73.17 Available $840,000
Tract 1-14 49.58 Sold
Tract 1-15 97.69 Sold
Tract 1-16 66.97 Sold
TOTAL AVAILABLE: 143.82
SOUTH CHARITY CHURCH ROAD TRACTS
Tract 1-17 49.69 Sold
Tract 1-18A 60.49 Available $690,000
Tract 1-18B 39.51 Sold
TOTAL AVAILABLE: 60.49
NORTH UNITED DRIVE TRACTS
Tract 1-2A 111.04 Available $720,000
Tract 1-2B 69.13 Sold
Tract 1-3 115.11 Sold
Tract 1-4A 49.61 Available $420,000
Tract 1-4B 43.89 Sold
Tract 1-9A 9.55 Available $170,000
Tract 1-9B 7.14 Available $130,000
Tract 1-10A 8.72 Available $150,000
Tract 1-10B 7.97 Available $140,000
TOTAL AVAILABLE: 194.03
SOUTH UNITED DRIVE TRACTS
Tract 5 149.44 Available $1,420,000
Tract 1-5 74.11 Sold
Tract 1-6 79.29 Sold
Tract 1-7 256.27 Available $2,180,000
Tract A-6 247.21 Available $2,440,000
Tract 1-8 101.47 Available $960,000
TOTAL AVAILABLE: 754.39
KEYSTONE TOTAL 3,754.76
COMPARABLE SALES – 10 ACRES OR LARGER TO 2008)
COMPARABLE SALES - 10 ACRESOR LARGER (2005(2005 to 2008)
DATE ADDRESS ACRES PRICE $/ACRE COMMENTS
AWENDAW (WITHIN BLUE BORDER ON COMPARABLES MAP)
11/07 0 Hwy 17 N 11.82 $175,000 $14,805 Limited Residential
8/07 1413 Hwy 45 70.00 $1,550,000 $22,143 Limited Residential
3/07 0 Seewee Rd 1,359.00 $11,300,000 $8,315 Limited Residential – Bulk Sale
6/06 0 Woodville Rd 32.30 $550,000 $17,028 Limited Residential
6/06 10 Hwy 17 N 239.20 $3,900,000 $16,304 Limited Residential
1/06 0 Hwy 17 N 27.54 $500,000 $18,155 Limited Residential
1/06 0 S Santee Rd 26.53 $275,000 $10,366 Limited Residential
9/05 888 Hwy 17 N 33.00 $560,000 $16,970 Limited Residential
8/05 0 Chandler Rd 10.00 $875,000 $87,500 Deepwater Residential
8/05 0 Hwy 45 10.00 $178,800 $17,880 Limited Residential
4/05 0 Woodville Rd 150.10 $3,250,000 $21,652 Limited Residential
3/05 0 Lieben Rd 26.29 $340,000 $12,933 Limited Residential
1/05 4678 Woodville Rd 20.65 $387,000 $18,741 Limited Residential
HUGER/CAINHOY (WITHIN PURPLE ON COMPARABLES MAP)
11/07 0 Charity Church Rd 230.07 $4,000,000 $17,386 Limited Residential
5/06 0 Old Strafford Ln 15.50 $166,000 $10,710 Limited Residential
10/05 0 Cainhoy Village Rd 25.00 $734,375 $29,375 Limited Residential
NORTH MT. PLEASANT (WITHIN RED BORDER ON COMPARABLES MAP)
10/06 1100 Park West Blvd 54.91 $6,700,000 $122,018 Commercial
6/05 4031 Hwy 17 N 12.50 $825,000 $66,000 Commercial/Residential
1/05 0 Hwy 17 N 11.42 $400,000 $35,026 Limited Residential
SOUTH MT. PLEASANT (WITHIN BROWN BORDER ON COMPARABLES MAP)
7/07 0 Hwy 41 10.05 $1,201,000 $119,502 Deepwater Residential
8/05 0 Rifle Range Rd 70.00 $4,200,000 $60,000 Residential
5/05 1151 Country Store Rd 24.90 $6,500,000 $261,044 Mixed Use
WANDO/CLEMENTS FERRY (WITHIN BLACK BORDER ON COMPARABLES MAP)
11/07 0 Chas Regional Pkwy 16.70 $1,800,000 $101,784 Commercial/Industrial
9/07 0 Clements Ferry Rd 20.41 $4,083,200 $200,059 Commercial/Industrial
2/07 0 Riverbend Tr 70.37 $14,900,000 $211,738 Deepwater Residential
8/06 0 Chas Regional Pkwy 26.60 $3,192,000 $120,000 Commercial/Industrial
8/06 0 Chas Regional Pkwy 11.55 $1,386,000 $120,000 Commercial/Industrial
5/06 0 Clements Ferry Rd 136.00 $15,500,000 $113,971 Commercial/Industrial
6/05 0 Clements Ferry Rd 10.50 $1,900,000 $180,952 Commercial/Industrial
4/05 0 Clements Ferry Rd 16.22 $1,800,000 $110,974 Deepwater Residential
4/05 0 Chas Regional Pkwy 13.60 $1,060,000 $78,000 Commercial/Industrial
1/05 0 Clements Ferry Rd 13.55 $1,673,946 $123,538 Commercial/Industrial