1969 Central Park Rd Charleston, SC 29412

Retail-Commercial for Sale
Catylist Listing ID: 30348876
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 1,630 SF
Gross Building Area: See Agent
Gross Land Area: 0.32 Acres
Sale Price: $400,000
Unit Price: $245.40 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 7/16/2019

Overview / Comments

Excellent turn key investment ready to go. Commercial kitchen, currently used as a food truck tie off with several paying tenants. Tenants have express interest in staying on after the sale which would make this property an instant income producer. Location can also be used for a catering business or small restaurant. The hood, gas range and dishwasher convey with the property. Tons of room for parking or storage for food truck/trailers.

Property produces an 8% cap rate at current price. There is room to improve that number by increasing the tenant capacity of the building.

Located on James Island on almost a half-acre of land with quick access to downtown, Folly Beach and I-26.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 21 - James Island
Tax ID/APN: 340-00-00-044
Retail Clientele: General, Business
Property Visibility: Excellent
Year Built: 1985

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,004 39,862 115,677
Median Age: 37.57 35.61 35.67
Households: 2,309 17,870 50,420
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