Marcus & Millichap is pleased to offer for sale the 2.5-acre, Charleston Airport Hotel Development Site also known as Montague Corners. This adaptive reimaging and reuse of an existing strip mall center to include upgraded amenities (restaurant row, fitness center, bank and an apartment complex) and the addition of a hotel anchor site with direct access to the planned and approved new Charleston Airport Parkway. Access with be directly off the proposed roundabout on Airport Drive/Montague. Conveniently located just minutes away from the Charleston International Airport and near local shops and restaurants, the site also puts you close to popular destinations and attractions including Northwoods Mall, Charleston’s US Army Joint Military Base, the Carolina Ice Palace, and Charleston Southern University. The property is situated directly off I-26, providing easy access to Boeing, Tanger Outlets Charleston, College of Charleston, Palmetto Commerce Business Parkway, and Wannamaker Park & Whirlin’ Waters Adventure Waterpark. Other demand generators include the Citadel, The Military College of South Carolina and the Magnolia Plantation and Gardens.
Located along the Atlantic seaboard, the Charleston metro encompasses Charleston, Berkeley and Dorchester counties in southeastern South Carolina. A favorable business climate is helping draw companies and workers to the region. Vehicle manufacturing in particular is growing with recent expansions at Mercedes-Benz and Volvo. The metro population has grown by roughly 243,000 people since 2000 and the market is forecast to receive another 75,000 people through 2024. Charleston is the largest city in the metro with 142,000 residents, followed by North Charleston with 109,800. Of the 5.1 million annual tourists who visit Charleston, a majority come for this beautiful and historic piece of the city. The downtown area is 4 to 5 square miles and easily accessible from Mt. Pleasant via the Ravenel Bridge, from North Charleston and beyond via Interstate 26, and from the West of the Ashley by Route 17.
The Historic Charleston Downtown District is a beautifully preserved collection of historic landmarks, monuments, and cultural sites that have stood throughout the city’s history, representing the cultural capital of the South. The district offers a variety of attractions, from eating at the Charleston City Market to shopping along King Street, exploring the Battery or strolling through Waterfront Park. Charleston’s Museum Mile is one of downtown’s major draws, with six museums, five nationally important historic houses, four scenic parks and a Revolutionary War powder magazine, the oldest public building in South Carolina.