North Charleston Retail - 33,000 Sq. Ft., 5.3 AC - Zoned GB

Retail-Commercial for Sale
Catylist Listing ID: 30474195
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 33,691 SF
Gross Building Area: See Agent
Gross Land Area: 5.32 Acres
Sale Price: $6,000,000
Unit Price: $178.09 PSF
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Usable Size (USF): 33,691 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Sale/Leaseback
Cap Rate: 10.0%
Last Updated: 7/8/2020

Overview / Comments

Outstanding opportunity to acquire 5.3 acres and more than 33,000 square feet of space, zoned General Business, in a major commercial thoroughfare. The landscaped property is located on the corner of Ashley Phosphate and Stall Roads, with 5 points of ingress/egress and a traffic count exceeding 61,000 vehicles per day. There are 212 surface parking spaces on site. The improvements are in excellent condition and include a 2,000 square foot auditorium/presentation space with capacity for 400+ persons, a reinforced steel stage, multi-level lighting, and state of the art AV equipment; a fully equipped commercial kitchen, serving, and dining area, with seating for 150+ people; Class A office space; a day care facility; and multiple conference rooms and additional gathering and presentation facilities. Climate control is provided via 18 separate HVAC systems. The building also has a sprinkler system, a closed circuit security system, and wireless coverage throughout. The parking lot includes a drive through, and circles the entire property. Two accessory buildings in the rear of the property provide extra office or warehouse space. Opportunities at this location are rare.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 478-01-00-004
Zoning: GB - General Business
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: Ashley Phosphate Road
Feet of Frontage: 302
Traffic/Vehicle Count: 61,100
Highway Access: Located on Ashley Phosphate Road, between Dorchester Road and Rivers Avenue, in close proximity to Interstate 26.
Airports: Charleston International Airport
Site Description: 5.3 Acres of High Ground
Area Description: Located at the corner of Ashley Phosphate and Stall Roads, in a major commercial thoroughfare. 302 feet of frontage on Ashley Phosphate Road, and 365 feet of frontage on Stall Road. 5 curb cuts total.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Excellent
Year Built: 2008
Total Parking Spaces: 212
Parking Type: Surface
Parking Description: 212 surface parking spaces
Sprinklers: Other
Heat Type: Electricity, Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit, Other
Internet Access: Cable, Fiber Optic
Zoning Description: This property is zoned General Business (North Charleston).
Lot Frontage: 302 feet of frontage on Ashley Phosphate Road, 365 feet of frontage on Stall Road
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,761 69,170 144,018
Median Age: 30.56 31.44 32.18
Households: 1,605 26,463 54,752

Contact

Photograph of Listing Agent

Bradford V Hincher

Carolina One Real Estate SCCMLS Member
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