General Business Commercial on Hwy 61

Retail-Commercial for Sale
Catylist Listing ID: 30028653
Property Subtypes: Free-Standing Building, Mixed Use, Vehicle Related, Other
Building Size (RSF): 9,423 SF
Gross Land Area: 1.70 Acres
Sale Price: $549,900
Unit Price: $58.36 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: South Coast Auto Center
Usable Size (USF): 9,423 SF
Sale Terms: Undisclosed, Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: 8.0%
Last Updated: 1/31/2018

Overview / Comments

Just REDUCED $100,000 for a quick sale. This is a great opportunity to have your business on Hwy 61 with great street frontage. The blue 4204 sq ft cinder block building is being leased by an automotive repair business on a month to month lease. The tenant has leased the blue building for over 15 years. The blue building is currently used by the tenant as an automotive repair shop. It has 5 bay doors and 1 extra large bay door for a total of 6 bays. All of the car lifts belong to the tenant. This blue building has an office with a sitting area for customers. The bath in the office is a full bath with a stand up shower. There is a unit above the office that was intended to be an apartment. It has one bedroom and a living area. It was plumbed for a bath was never completed. The rear of the 1.70 acres has .18 acre tract that has a cell tower which has a long term lease with a cell company till 2025 for $800 a month and is available for a lease buy out. The right side of the property has another 5219 sq ft tan building with a paint booth with extra large bay door. To the left of that paint booth is 4 bay doors and to the right is another 4 bays doors. On the right side of the 4 bay door is another about 60 foot extension with another 5 bay doors that is being used to store cars at this time by the current owner for a total of 14 bays. There is a 2 bedroom apartment to the right of the paint booth above the bay that is 696 sq ft with a full kitchen, living area and a full bath. It is included in the total sq ft. This building is in need of repair. It is zoned GB (General Business) with the City of Charleston. Owner states the blue building was built in 1986 and the tan building in the right was built in 1989. There are a lot of cars on the property from the current tenant that will be removed soon. This is a great investment property.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 12 - W.Ashley outside I-526 to Rantowles
Taxing Authority: City of Charleston
Tax ID/APN: 355-11-00-010
Zoning: GB - General Business
Retail Clientele: General, Business, Other
Property Located Between: Bees Ferry Rd and Magwood Rd
Largest Nearby Street: Bees Ferry Dr
Feet of Frontage: 100
Highway Access: Ashley River Rd
Airports: Charleston International Airport
Site Description: This is a great opportunity to have your business on Hwy 61 with great street frontage. The blue 4204 sq ft cinder block building is being leased by an automotive repair business on a month to month lease. The tenant has leased the blue building for over 15 years. The blue building is currently used by the tenant as an automotive repair shop. It has 5 bay doors and 1 extra large bay door for a total of 6 bays. All of the car lifts belong to the tenant. This blue building has an office with a sitting area for customers. The bath in the office is a full bath with a stand up shower. There is a unit above the office that was intended to be an apartment. It has one bedroom and a living area. It was plumbed for a bath was never completed. The rear of the 1.70 acres has .18 acre tract that has a cell tower which has a long term lease with a cell company till 2025 for $800 a month which is available for a lease buy out available. The right side of the property has another 5219 sq ft tan building with a paint booth with extra large bay door. To the left of that paint booth is 4 bay doors and to the right is another 4 bays doors. On the right side of the 4 bay door is another about 60 foot extension with another 5 bay doors that is being used to store cars at this time by the current owner for a total of 14 bays. There is a 2 bedroom apartment to the right of the paint booth above the bay that is 696 sq ft with a full kitchen, living area and a full bath. It is included in the total sq ft. This building is in need of repair. It is zoned GB (General Business) with the City of Charleston. Owner states the blue building was built in 1986 and the tan building in the right was built in 1989. There are a lot of cars on the property from the current tenant that will be removed soon. This is a great investment property.
Area Description: This is a great opportunity to have your business on Hwy 61 with great street frontage. The blue 4204 sq ft cinder block building is being leased by an automotive repair business on a month to month lease. The tenant has leased the blue building for over 15 years. The blue building is currently used by the tenant as an automotive repair shop. It has 5 bay doors and 1 extra large bay door for a total of 6 bays. All of the car lifts belong to the tenant. This blue building has an office with a sitting area for customers. The bath in the office is a full bath with a stand up shower. There is a unit above the office that was intended to be an apartment. It has one bedroom and a living area. It was plumbed for a bath was never completed. The rear of the 1.70 acres has .18 acre tract that has a cell tower which has a long term lease with a cell company till 2025 for $800 a month which is available for a lease buy out. The right side of the property has another 5219 sq ft tan building with a paint booth with extra large bay door. To the left of that paint booth is 4 bay doors and to the right is another 4 bays doors. On the right side of the 4 bay door is another about 60 foot extension with another 5 bay doors that is being used to store cars at this time by the current owner for a total of 14 bays. There is a 2 bedroom apartment to the right of the paint booth above the bay that is 696 sq ft with a full kitchen, living area and a full bath. It is included in the total sq ft. This building is in need of repair. It is zoned GB (General Business) with the City of Charleston. Owner states the blue building was built in 1986 and the tan building in the right was built in 1989. There are a lot of cars on the property from the current tenant that will be removed soon. This is a great investment property.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 15
Typical SF / Floor: 4,204 SF
Property Condition: Average
Year Built: 1986
Roof Type: Hip
Construction/Siding: Block
Exterior Description: Both buildings are made of cinder block. This is a large 1.70 acre lot.
Parking Description: There is a large parking area in front of the blue building that can probably accommodate 20+ cars. There is not any parking spot markings. People just freely park their cars. There is parking areas in the rear. This property has plenty of parking area throughout the entire parcel.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Wall Units
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable
Interior Description: This is a great opportunity to have your business on Hwy 61 with great street frontage. The blue 4204 sq ft cinder block building is being leased by an automotive repair business on a month to month lease. The tenant has leased the blue building for over 15 years. The blue building is currently used by the tenant as an automotive repair shop. It has 5 bay doors and 1 extra large bay door for a total of 6 bays. All of the car lifts belong to the tenant. This blue building has an office with a sitting area for customers. The bath in the office is a full bath with a stand up shower. There is a unit above the office that was intended to be an apartment. It has one bedroom and a living area. It was plumbed for a bath was never completed. The rear of the 1.70 acres has .18 acre tract that has a cell tower which has a long term lease with a cell company till 2025 for $800 a month. The right side of the property has another 5219 sq ft tan building with a paint booth with extra large bay door. To the left of that paint booth is 4 bay doors and to the right is another 4 bays doors. On the right side of the 4 bay door is another about 60 foot extension with another 5 bay doors that is being used to store cars at this time by the current owner for a total of 14 bays. There is a 2 bedroom apartment to the right of the paint booth above the bay that is 696 sq ft with a full kitchen, living area and a full bath. It is included in the total sq ft. This building is in need of repair. It is zoned GB (General Business) with the City of Charleston. Owner states the blue building was built in 1986 and the tan building in the right was built in 1989. There are a lot of cars on the property from the current tenant that will be removed soon. This is a great investment property.
Zoning Description: Zoned General Business in the City of Charleston
Lot Frontage: 100 ft wide in front
Lot Depth: 452 ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: owned
Legal Description: PIERPONT Description -PT 39 SEC 1 Site Name -TONY'S AUTOMOTIVE PlatSuffix Y46-395 PolTwp 007

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,883 63,024 128,739
Median Age: 35.6 35.76 35.69
Households: 3,127 26,757 53,403

Contact

Photograph of Listing Agent

Tracy R Hatchell

Re/Max Elite LLC SCCMLS Member
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