505 N GUM ST

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30610970
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Movie Theatre, Parking Facility, Service Station/Gas Station
Status: Pending/Contingent
Building Size (RSF): 4,800 SF
Gross Land Area: 1.63 Acres
Sale Price: $1,395,000
Unit Price: $290.63 PSF
Drive In Bays: 5 Bays
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/21/2021

Overview / Comments

This property offers both great local traffic flow and easy access to highway routes making it a must see for most business endeavors (retail store front, fast food or other forms of restaurant, medical offices etc) The lot is completely cleared and of good proportion and shape for design changes should they be of interest and concern to your buyer. PLEASE NOTE; The property owner has the willingness to consider subdividing the lot. The existing building is a 60' x 80' steel structure of approx. 4800 sq. ft. of primarily open space. There are four oversized garage doors along the front of the building (12' wide x 15' high). There is one additional oversized garage door on the side of the building. An office, a lunchroom and two bathrooms are included. There is more than ample parking space for most businesses. It is a Great location in relation to downtown Summerville and the Berlin Meyer main "shortcut" through town.

DIRECTIONS: From route 26, exit 199A Summerville, follow to left onto Berlin G. Myers Pkwy, follow to right onto Highway 78 heading towards Summerville center. Then take left onto Gum Street, property is on left side.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Tax ID/APN: 137-04-07-008
Zoning: OTHER
Property Located Between: Berlin G. Meyers Pkwy and North Main St in Summerville
Highway Access: Highway route 78 is less than a 1/4 mile from the site and highway 26 is less than 2 miles away
Airports: Charleston International Airport
Site Description: This is a fairly uniform and flat property. Side boundaries are approximately 199' and 207' Back boundary lot line is approximately 337'. Front boundary lot line is approximately 350'.
Area Description: This property is conveniently located near Berlin G. Meyers Pkwy. just off Highway 78 heading towards Summerville Center. It is also convenient to Interstate 26 just off North Main St in Summerville
Total Number of Buildings: 1
Typical SF / Floor: 4,842 SF
Year Built: 1996
Roof Type: Flat
Construction/Siding: Metal Siding
Sprinklers: None
Interior Description: primarily open space
Zoning Description: I-2_Sv
Lot Frontage: 350'
Lot Depth: approx.203'
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Utilities
Easements Description: utility easement for water and sewer main
Legal Description: Plat Book/Page J/173 District/Ward 207

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,373 48,505 122,131
Median Age: 40.57 36.56 34.83
Households: 2,543 18,217 45,261


Photograph of Listing Agent

Rick Z Minassian

Lowcountryfinest.com SCCMLS Member
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