1033 Wappoo Rd.

Retail-Commercial for Sale
Catylist Listing ID: 30808464
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 23,460 SF
Gross Building Area: See Agent
Gross Land Area: 1.22 Acres
Sale Price: $3,394,304
Unit Price: $144.68 PSF
Ceiling: 14 ft.
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 6.68%
Last Updated: 10/3/2022

Overview / Comments

Well maintained 23 460 sf flex retail building in the heart of West
Ashley This is a great opportunity for owner occupant or
investor The current owner is flexible and for the right buyer will
consider a leaseback for one year or vacate the property
(To be negotiated with an acceptable offer) There are 34 regular
parking spaces and 2 handicap
Investors will benefit from recasting under market rents in the
future for additional value add component
The front retail and offices have a 8" to 9" drop ceilings and are well-appointed
showrooms, offices, and retail spaces
The rear warehouse has 12 5 14 clear height with center columns
and 2400 sf conditioned.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 11 - W.Ashley inside I-526 to Ashley River
Taxing Authority: Charleston County
Tax ID/APN: 351-15-00-055
Zoning: GB - General Business
Retail Clientele: General
Property Located Between: Ashley River Rd and Hwy 17 on Wappoo Rd frontage
Property Visibility: Good
Largest Nearby Street: Hwy 17-Savahannah Hwy
Feet of Frontage: 212
Number of Stories: 1
Property Condition: Good
Year Built: 1988
Construction/Siding: Steel Frame
Total Parking Spaces: 36
Parking Type: Surface
Parking Description: 34 plus 2 handicap spaces. Current tenants have assigned spaces per unit with two shared spaces for overflow
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 212
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owner Occupied

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,621 57,697 146,068
Median Age: 34.71 37.21 34.89
Households: 5,673 26,681 61,242
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