OT: Looking for 100+ Acres in SC or NC
- Thread starter CUFreeze
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Just another PEN HOOKER trying to sh$$t an unknowing landowner. Your land will be worth a hang of a lot more in SC the next 3 to 6 years. I get several phone calls and mail every week wanting to know if I want to sell my property.... my answer is I'm buying not selling and they don't even have the manners to say goodbye...just a sudden hangup on the other end ! Hold on to your property and wait for the big bucks they're coming. SC is one of the fastest growing states in the country. I'm am a retired BIC/OWNER that specialized in land sales and a land owner in SC. Please check with "good friends" in the business they will tell you the same thing I would recommend, hold just a little while longer and ask for the Big Buck$ !!!!
Have some funny land stories
My wife’s father, my FIL back in the 1970s bought himself two house lots in Lakeland Florida
He passed away years later ehen we settled the trust the lots were valued like $1000
each and we literally tried yo give them away to a charity in Florida which at that time we could not find anyone
Never could find someone so she take them at an estate valuation of $1000
Funny part of this is over the years we keep getting pinhooker calls and last week the offer was $75,000.00 per lot.
Being old and about to fall down gives an old guy an advantage in financial negotiations
I nicely told the caller that we were holding the land to give our grandchildren and just don’t need the money problem of what to do with cash
Apparently the 2 plots she owns are now key linch pin lots in a large new development being proposed done in Tampa FL
As a teaser I tell the callers when it hits a million per lot call me back
It started decades ago at $500 per lot
Just a heads up on costs if anyone is curious
I have seen some quality land negotiations like what this gentlemen is asking from $50,000.00 to
$100,000.00 per acre and even higher
Do if you want to sell price it in the clouds
No one is selling raw land with no structures for 50K an acre on 100+ac tracts. There might be a handful out there but it would be right beside a major city or something.
There is several tracts in the St George SC
I95 highway 15 intersection that have according to my friends under contract for $50,000.00 per acre like 200 to 400 acres
Around the I26 And I95 interchange there some heavy hitters with big tracts
My family has some acreage on I95 on an interchange. I tell my family not to accept less than the out of mind ridiculous amount of $1,000,000.00 per acre in about 20 years
They don’t need the money and they can sit their butt on it and not sell a dam thing until it hits a target
Up on 301 Off I26 there is a family of 6 children now in their 70s who went to school with me that were offered $30,000.00 an acre for 600 acres
Near SuperSod in Orangeburg
I told same answer as earlier Don’t sell now
That was a while back and I did not follow it up
Big tracts bring big money
The difference is those are viable tracts for commercial development. I don’t know what OP wants to do with the land, but I would assume recreation and maybe timber investment. Those prices are dramatically lower. The mention of it being anywhere seems to rule out development.
I actually put 50+ acres 1 hour from my house in Mt. Pleasant under contract this weekend. Intended use is pure recreation/hunting.
I will agree that the price is dependent on the intended use and how deep are the pockets and how critical are the wants
Last year had person ask me to help them locate some land for a commercial project
Found 35 acres for $5000 a acre
In that same search I found 275 acres for $500 an acre however the cost of the site evaluation was like $800 an acre
Had some wetlands on it which really screwed pooch on keeping development costs low
The secret to developing land based on zoning laws is keep it as agricultural
You can do all kinds of site prep without overdight
The moment you zone commercial or particularly industrial the financial gloves come off and costs go through the roof
Exactly. I am not looking for commercial properties. Most properties I look at are 3-12K acre. Most are in the middle of nowhere but that doesn't matter to me.
Gotcha. I had a pretty specific location need and finally found something that suited. I wanted to be <1:15 from my house in Mt. Pleasant, preferably in Williamsburg county, and good tracts aren't that easy to find.
Not sure I am right 100% but I have not bought anything below 10 acres and verified it was agricultural zoned in that county as the 4% ag is not on less than 10 acres
One then pays at the 6% rate instead of 4% due to less than 10 acres
I avoid that additional carrying costs
That is just me
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