Red Bank Office Park

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30399072
Property Subtypes: Business Park, Office Building
Status: Pending/Contingent
Building Size (RSF): 6,390 SF
Gross Land Area: 1.89 Acres
Sale Price: $1,200,000
Unit Price: $187.79 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Redbank Office Park
Class of Space: Class B
Usable Size (USF): 6,390 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/25/2019

Overview / Comments

Opportunity to own office property on busy Red Bank Road corridor ( 21 K + vehicles daily ) Includes 2 existing buildings that sit on a 1.887 acre corner lot. Street frontage consists of 341' +/- along Red Bank Rd and 320' +/- along Old Back River Rd.

Building A ( former church ) is 3,216 SF and currently undergoing major renovations for conversion to office use. Renovations commenced February 4, 2019 and we anticipate the building being tenant ready by late May and no later than June. The interior partitions will be sound insulated metal studs covered with painted drywall. The doors will be solid core birch hung in metal frames with chrome finished lever lock sets. The ceilings will be suspended acoustical with LED lighting. The floor covering will be vinyl planks and commercial carpet squares. The HVAC system will be high efficiency heat pumps. The offices will be pre-wired with CAT-6 data and phone jacks. A fire/burglar alarm system will be installed. See attached floor plans.

Building B ( former parish hall ) is 3,174 SF and almost turnkey for office / medical uses. Included in the listing price is reconfiguration of the existing men’s restroom to a handicap restroom for both sexes and creating an employee break room. Most exterior doors will be replaced with commercial grade doors and hardware. Interior doors will be replaced with solid core birch doors and chrome commercial lever lock sets. All walls and ceilings will be painted. New floor coverings will be commercial grade carpet squares and/or vinyl planks. The electrical system will be upgrades as might be necessary. New LED lighting will be installed. The present HVAC system is in excellent condition. Renovations on Building B will commence immediately upon completion of Building A.

Sales price is subject to adjustment in response to construction cost.

The 60 space parking lot will be shared by occupants of both buildings

Property is located within The City of Goose Creek's Super Incentive Zone.

Survey's and plats were completed May of 2018.

Separately available are:

321 Red Bank Road, contiguous and mostly cleared .74 acre combination of 3 lots forming a corner at Red Bank and Forest Lawn with traffic signal plus curb cut along Red Bank. Catalyst ID: 30321043

( 2 ) contiguous wooded R-1 Residential lots ( 244-13-04-022 and 023 ) and could be purchased as a buffer for the larger tract, or to allow for expanded building coverage if adding a building on the site. Catalyst ID: 30337987 and 30338018

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 72 - G.Creek/M.Corner Hwy.52-Cooper Riv
Taxing Authority: City of Goose Creek
Tax ID/APN: 244-13-04-021
Zoning: GC - General Commercial District
Property Located Between: Hwy 52 and State Rd 8-250 ( Goose Creek Rd )
Property Visibility: Excellent
Airports: Charleston International Airport
Site Description: Corner lot. Level. Some trees and significant lawn area.
Area Description: Busy Commercial Redbank Road Corridor with excellent proximity to the Naval Weapons Station / Joint Base Charleston.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1965
Year Renovated: 2019
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Mostly cleared well maintained grounds with a considerable amount of new landscape plantings and upgrades. Parking lot in good condition. Good drainage with no storm water collection/disposal issues. Building exteriors in good condition and have excellent visibility from highway.
Parking Ratio: 300 (per 1000 SF)
Parking Type: Surface
Parking Description: 60 spaces shared between both buildings. Pavement to be sealed and re-striped.
Total Parking Spaces: 60
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, Fiber Optic
Zoning Description: General Commercial - Property is located within The City of Goose Creek's Super Incentive Zone.
Lot Frontage: 341 +/-
Lot Depth: 320 +/-
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: Sewer utility easement runs along rear property line.
Legal Description: Plat Book L, Page 130, District T Ward 18

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,380 65,420 126,056
Median Age: 35.04 33.36 32.21
Households: 3,012 24,888 46,164


Photograph of Listing Agent

Michael L Szemly

Carr Properties, LLC SCCMLS Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.