Rivers Ave Corner .74 Acres Income or Redevelopment

Retail-Commercial for Sale
Catylist Listing ID: 30757995
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 7,789 SF
Gross Building Area: See Agent
Gross Land Area: 0.74 Acres
Sale Price: $2,000,000
Unit Price: $256.77 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2022

Overview / Comments

5351 Rivers Ave and 2102 James Bell Dr combine for an excellent opportunity to redevelop this .74 acre corner with 200 feet of frontage. Or they can be leased long term for investment. Just 1/4 of a mile from I526, Mark Clark Expressway and then 1/2 mile from I26; approx. 34k VPD. The 5175 sf building is leased month to month. The 2614 sf building has a new insulated roof, new overhead door and entry door; on a lease expiring Mar 2023. Properties are offered as a package.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 4721000062 and 4721000064
Property Visibility: Excellent
Largest Nearby Street: I 526
Feet of Frontage: 200
Traffic/Vehicle Count: 34,000
Highway Access: Mark Clark Expressway I526
Airports: Charleston International Airport
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1980
Lot Frontage: 200 ft
Lot Depth: 173 ft
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,266 55,590 123,645
Median Age: 32.49 33.27 33.74
Households: 3,493 21,454 48,296

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