Summerville DowntownOffice Building

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30791702
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 15,149 SF
Gross Land Area: 0.93 Acres
Sale Price: $2,395,000
Unit Price: $158.10 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 107 West
Class of Space: Class B
Usable Size (USF): 15,149 SF
Sale Terms: Cash to Seller
Cap Rate: 4.0%
Average Occupancy Rate: 100
Last Updated: 8/13/2022

Overview / Comments

Carolina One Commercial is pleased to offer a beautiful Opportunity Zone property in downtown Summerville, right off N Main Street; fully leased with long term stable Tenants like the SCDOT and Dorchester County. New roof and windows, with most of the HVAC units recently replaced. Large, well-landscaped lot with parking on three sides and 72 parking spaces.
Incredibly convenient, with quick access to everywhere; North Main Street Summerville, SC 78, and I-26 are all within minutes of this location. Close to great shopping, restaurants and the home of Sweet Tea, historic Summerville, SC.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Taxing Authority: Dorchester County
Tax ID/APN: 130-15-16-001
Zoning: CG - General Commercial District
Property Visibility: Excellent
Highway Access: Close proximity to North Main Street 17-A, I-26, Berlin Myers Parkway, SC 78, Nexton Parkway.
Airports: Charleston International
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,575 SF
Year Built: 1980
Year Renovated: 2021
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Attractive structure, exterior is a cool gray with blue accents.
Parking Ratio: 4.8 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface.
Total Parking Spaces: 72
Passenger Elevators: 1
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Interior Description: Nicely designed and maintained common areas and all offices are well organized, functional and pleasant work spaces.
Lot Frontage: 198
Lot Depth: 207
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,572 54,100 120,564
Median Age: 39.56 35.81 34.87
Households: 2,215 20,324 44,720
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