Island Gate Way, Hardeeville, SC 29927 For Sale

Island Gateway is a ±47.29-acre multifamily development opportunity zoned for 600 residential units, located adjacent to I-95 and 2,000 feet from the I-95/US Highway 278 interchange in Hardeeville, SC. The property is located within the Coastal Land Tract Planned Unit Development (PUD) with a Master Plan approved by the City of Hardeeville in May 2011. With a high connectivity location, including adjacency to the 41-bed Novant Health Coastal Carolina Medical Center, and strong nearby multifamily rents, Island Gateway provides a rare opportunity for developers.

Located adjacent to I-95 and in close proximity to major supporting metropolitan areas, Island Gateway offers a master plan-approved site zoned for up to 600 residential units as well as new sewer and water commitments from the Beaufort-Jasper Water and Sewer Authority (BJWASA) which will enable further growth in the immediate area. Island Gateway enjoys strong rent comparables, including several 2016-2019 vintage communities, with $2,188 ($2.11 PSF) rents and an appealing delta from nearby Hilton Head and Savannah.

Island Gateway benefits from exceptional proximity within 20 minutes to Hilton Head Island – one of the areas most renowned vacation locations – which has experienced rapid growth in the last few years continuing to spread west towards Hardeeville. Additionally, the Property is located adjacent to the Novant Health Coastal Carolina Medical Center (41 beds), access to I-95/US Highway 278 (2,000 feet), and high-growth Savannah (25 minutes). 2,500 single-family homes have been approved on adjacent parcels.