ACTIVE DAYCARE/FORMER ASSISTED LIVING PROPERTY

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30456300
Property Subtypes: Day Care Facility
Building Size (RSF): 4,446 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $700,000
Unit Price: $157.44 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: 12.5%
Last Updated: 7/14/2020

Overview / Comments

Very successful and profitable active Daycare Business for sale (which was a former 16 bed Assisted Living facility) which includes a beautiful 4446 square foot building and .69 acre property in a great location just off of Rivers Ave and Ashley Phosphate Rd in North Charleston. This is a CONFIDENTIAL OFFERING so Agents and their potential Buyers are welcome to drive by but please don't go on to the property or speak to any of the owners, parents, children or staff. Viewing the property will be limited to outside business hours scheduled through listing agent. Facility is licensed for 92 children but since Owners are looking to retire they currently average 50+- children. The Business has both ABC and First Step government contracts plus private pay customers. The spacious building has 6 classrooms, 2 infant rooms, 5 restrooms (most with baths which have been blocked off for the safety of the children), full commercial kitchen, large open area, and offices. The Buyer could choose to change the uses of each room to suit their needs. .69 Acre lot with approximately 1/2 fenced for a playground. Architect shingle roof was installed in January of 2017. Furnishings and personal property owned by the Daycare business is not included in the offer to sell but can be purchased from the Owners by separate Bill of Sale. Owners are not aware of any obstacles for Buyers to convert the facility back to an Assisted Living facility but are making no representations one way or another so Buyers to verify to their satisfaction.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 478-03-00-033
Zoning: B-2 (NORTH CHARLESTON)
Retail Clientele: Family, Business
Property Visibility: Good
Largest Nearby Street: Rivers Ave and Ashley Phosphate
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1997
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,113 65,218 131,557
Median Age: 28.87 31.55 32.23
Households: 2,166 25,063 49,444

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