Investment Overview
Investment Highlights
Low-basis entry with flexible execution paths
At an asking price of $38,950, the property offers a modest acquisition basis for a 0.57-acre residential-oriented site. This low entry cost provides buyers with the flexibility to pursue redevelopment, hold strategies, or interim leasing without the capital intensity typically associated with larger land positions.
Opportunity Zone location supports long-term value positioning
The parcel is identified as a Qualified Opportunity Zone site, which may enhance its appeal to buyers seeking tax-advantaged development or longer-term appreciation strategies. For investors structuring capital around basis growth, that designation adds another layer to the return profile.
Existing improvements create optionality
Unlike a purely raw land offering, the site includes a 1,120-square-foot structure built in 1994. The memorandum presents this as a choice between demolition and new development or leasing the current improvement for income, giving investors more than one path to monetization.
Residential development orientation aligns with local housing-use concepts
The offering memorandum positions the parcel for subdivision development and highlights modular, workforce housing, and multifamily-related potential. That framing indicates the site may be suitable for smaller-scale residential product types that can be more attainable in secondary markets than larger institutional formats.
Owner financing can improve capital efficiency
Seller willingness to consider low down payment owner financing can reduce immediate cash requirements and improve near-term capital efficiency. For private investors and small developers, that structure can preserve liquidity for diligence, site work, or repositioning costs.
Scalable small-site footprint
The lot contains approximately 24,829 square feet, or 0.57 acres, which is sufficient to support redevelopment analysis while remaining manageable from a cost and execution standpoint. This size profile may appeal to buyers targeting infill-style residential opportunities without assuming a large land banking position.
Cheraw location combines neighborhood access with regional connectivity
The memorandum emphasizes proximity to downtown Cheraw, major highways, and Cheraw State Park. That combination supports practical access for future residents while connecting the property to established community amenities and recreation drivers.
Clear upside paired with a diligence-driven basis
The value proposition is straightforward: acquire at a low price, confirm development parameters, and create value through reuse or redevelopment. The memorandum also makes clear that title, zoning, subdivision standards, and tax-sale history require buyer diligence, making this best suited for investors comfortable underwriting execution risk in exchange for basis-driven upside.
Discover an exceptional investment opportunity with this prime property located in the sought-after Cheraw area. Zoned for subdivision development, this expansive parcel presents a lucrative prospect for land investors seeking to capitalize on the growing demand for residential real estate. Situated in a desirable location, this property offers the potential for creating a thriving community and meeting the demand for housing in the area. With its favorable zoning and strategic position, this property is a compelling choice for investors looking to make a significant impact in the vibrant Cheraw real estate market. Either demolish the current structure and rebuild or lease out the same for income.
$38,950.00 Sales Price | Possible Owner Financing. Commission Structure is a $4,500.00 Flat Fee Split Between the Listing and the Selling Brokerage if a selling brokerage is involved. Property transfers at closing or seller financing payoff. Property "AS IS, WHERE IS". All potential uses are subject to Buyer Due Diligence with Chesterfield County Planning and Zoning. Discuss a possible low downstroke and Seller Financing of the balance. Solely Buyer Due Diligence Responsibility. Purchased at a tax sale. Research neighborhood development standards solely via buyer due diligence. No suit to quiet title performed or to be performed by Seller. Closing costs are the buyer's costs, except for the basics. The Seller will execute a Quitclaim Deed at his cost, and the Attorney will focus on the other costs, with the Buyer's costs on the Buyer's nickel. OWNER FINANCING MAKES IT EASY.
Investment Highlights
- Income Maximization Site
- Low Entry Owner Financing Over Time
- Capture Modular or Workforce Housing Footprint
- Buyer Due Diligence Zoning or Subdivision Guidelines
- If Modular Land/Home Defaults Repo and Sell Again