FUTURE RAPID TRANSIT CORRIDOR SITE

Retail-Commercial for Sale
Also listed as Office, Hospitality
Catylist Listing ID: 30700207
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 4,456 SF
Gross Land Area: 0.42 Acres
Sale Price: $672,000
Unit Price: $150.81 PSF
Property Use Type: Investment, Business
Usable Size (USF): 4,456 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/2/2021

Overview / Comments

4762 AND 4766 RIVERS AVENUE NORTH CHARLESTON, SC 29405

B-2, General business district:
It is the intent of this section that the B-2 zoning district be established in the appropriate land reserved for general business purposes with particular consideration for general commercial development. The regulations that apply within this district are designed to encourage the formation and continuance of a compatible and economically healthy environment for business, financial, and professional service uses which benefit from being in close proximity to each other:

Permitted uses: The following uses shall be permitted in the B-2 zoning district:
All uses permitted in the R-1, OD and B-1 zoning districts;
All uses permitted in the R-2 zoning district shall also be permitted in all B-2 zoned areas except for B-2 locations within the Dorchester Road Corridor I (Upper Dorchester), Dorchester Corridor II (Middle Corridor), the University Boulevard and the Ladson Road overlay districts;
Corridor II (Middle Corridor), the University Boulevard and the Ladson Road overlay districts;
Temporary or transient lodging such as: hotels, motels, inns, hostels, missions, homeless shelters, or other shelters (provided, however, that missions, homeless shelters or other like facilities shall not be permitted in an area determined by city council, pursuant to ordinance and state law including the South Carolina Community Development Law and the South Carolina Tax Increment Finance Law, to be a blighted or conservation area);

LOWCOUNTRY RAPID TRANSIT CORRIDOR. Lowcountry Rapid Transit is a bus rapid transit system that connects, downtown Charleston, North Charleston and Summerville. More than just a transit system, this project will transform the infrastructure in our region to improve mobility for people on public transportation, in cars, on foot and on bikes, and will be a catalyst for economic growth and prosperity throughout the area. PROPOSED COMPLETION 2026.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Taxing Authority: North Charleston
Tax ID/APN: 470-02-00-081,082
Zoning: B-2 (NORTH CHARLESTON)
Retail Clientele: General, Business, Traveler, Tourist, Convention
Property Located Between: Morningside Drive and Montague Avenue
Property Visibility: Excellent
Largest Nearby Street: Rivers Avenue
Feet of Frontage: 100
Highway Access: WEST MONTAGUE AVENUE
Airports: CHARLESTON INTERNATIONAL AIRPORT
Site Description: HIGH VISIBILITY
Area Description: NEAR PARK CIRCLE
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Fair
Year Built: 1976
Parking Type: Surface
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, Satellite
Zoning Description: B-2
Lot Frontage: 100'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,462 55,375 117,107
Median Age: 36.25 33.7 34.63
Households: 2,657 20,671 46,446
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