West Ashley Investment or Occupancy Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30341359
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 7,520 SF
Gross Building Area: See Agent
Sale Price: $1,299,500
Unit Price: $172.81 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Riverland Plaza
Sale Terms: Cash to Seller
Cap Rate: 7.62%
Average Occupancy Rate: 100
Last Updated: 7/19/2019

Overview / Comments

A 7,500 square foot retail center consisting of 5 tenants occupying the entire property of 7 suites. The property is 0.47 acres with all utilities available. The property has 150 feet of frontage on Ashley River Road and a depth of 137 feet. Please do not approach this property without an appointment and do not discuss this information with any of the tenants. If you need to occupy some of this property, there are opportunities to occupy a minimum of 2,000 square feet and potentially more. A detailed walk through video exists.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 11 - W.Ashley inside I-526 to Ashley River
Tax ID/APN: 3511200179
Zoning: CC - Community Commercial District
Property Visibility: Excellent
Feet of Frontage: 150
Airports: CHS
Site Description: Flat
Area Description: Bustling area of West Ashley.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1986
Total Parking Spaces: 34
Parking Type: Surface
Parking Description: Two access points off Ashey River Road. Parking spaces are marked.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Pinecrest Gardens Sudivision Area. Lot 13-18 Blk A.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,620 59,845 147,799
Median Age: 35.16 36.42 35.1
Households: 7,098 26,668 61,983

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