Rivers Ave Corner .74 Acres 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: $2,220,000
Unit Price: $285.02 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2021

Overview / Comments

5351 Rivers Ave and 2102 James Bell Dr combine for an excellent opportunity to redevelop this .74 acres corner with 200 feet of frontage. 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, built 1980, is leased month to month. The 2614 sf building, built 1972, could easily be leased on a short term while new owner is performing redevelopment processes.

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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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