2136 Easy Street, North Charleston, SC

Retail-Commercial for Sale
Also listed as Special Purpose, Office
Catylist Listing ID: 30779529
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 1,125 SF
Gross Land Area: 7,841 SF
Sale Price: $253,000
Unit Price: $224.89 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Business
Building Name: Salon de Belleza Latino
Usable Size (USF): 1,125 SF
Core Factor: 1,125%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/23/2022

Overview / Comments

A total of 1,125 sq. ft building, equipped and operating as a Hair Salon Business since 2009. Great investor's opportunity to buy & lease.

In a commercial zone area (since approx. May/June 2020), building has been undergoing renovations completed May 30, 2022- To include: Roof/ Interior Paint/Replacement of Front and Side Door/ upgraded flooring in guest receiving area, hallway and kitchen, the current layout of this type of business allows it to be modified and fit for other types of business/offices.

Guests' waiting area sits 10-15 guests, two (2) hair-wash stations, five (5) styling, plus six (6) hair dryer stations; it has a kitchen with microwave and small fridge will convey. Building includes a laundry area with washer and dryer to convey as well as a full bathroom..

Total lot size is 0.18 acres (7,841 Sq. Ft.) has its own water well though not currently in use). Includes a carport. Available parking spaces for approx. 8-12 vehicles. Less than a minute away from Rivers Ave., approximately 3-4 minutes from Northwoods Mall. Can be accessed by both Rivers Ave. and Northwoods Blvd.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $1,825 (Annual)
Tax Value Land $48,000
Tax Value Improvements $76,200
Tax Value Personal Property $3,200
Assessed Value - Total($) $124,200 (Annual)
Potential Rental Income $2,400 (Annual)
Gross Operating Income $64,350 (Annual)
Net Operating Income $55,000 (Annual)
Actual or Proforma Year Actual
Lender Name MIDLAND MORTGAGE

Current Tenants

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Taxing Authority: Charleston
Tax ID/APN: 484-16-00-023
Zoning: CC - Community Commercial District
Retail Clientele: General, Business, Other
Property Located Between: Northwoods Blvd and Rivers Ave.
Property Visibility: Excellent
Largest Nearby Street: Rivers ave.
Feet of Frontage: 105
Traffic/Vehicle Count: 80
Highway Access: Approx. 4 minutes from I-26, 5 minutes from I-526, approx. less than 1 minute from Rivers Avenue. 3 min from Northwoods Mall. Centrally located in N. Chas.
Airports: Charleston International Airport
Site Description: Free Standing brick building, in 0.18 acre lot, spacious with a carport, in a commercial designated area. Established as a Hair Beauty Salon since 2009 with an existing clientele; a few minutes from Rivers Ave., Rooms to Go and Northwoods Mall, yet, away from traffic, with available parking spaces in a growing recently zoned commercial area!
Area Description: Commercial area; Easy street is a right turn from Rivers Avenue and right before Poblanos Restaurant, street prior to the corner of Rivers Ave. & Ashley Phosphate Rd.)
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,125 SF
Property Condition: Good
Year Built: 1967
Year Renovated: 2022
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick building with Gable roof, a carport, Front Porch, Side Exit/Entrance and surface parking availability for approximately 8-10 vehicles.
Total Parking Spaces: 10
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Building has a carport, front porch and surface area/space which provides accommodation for parking (approximately 8-12 additional vehicles at full capacity). Front door as well as Side Exit/loading entrance door!
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Other
Interior Description: Front Porch entrance Leading to reception area with capacity to accommodate (sitting) for 10-16 guest area to the right, 5 styling stations, 2 hair wash stations and 6 sitting dryer stations, built in cabinetry customized with mirrors and electrical outlets; One (1) full bath which includes a shower, 1 laundry room with washer and dryer and kitchen. Sale of the building conveys microwave and small refrigerator. Property has an alarm system installed protecting both front doors and side door in the back with motion sensors. There is internet and cable access in the area.
Zoning Description: Commercial since approx. May/June 2020
Lot Frontage: 105 Feet
Lot Depth: 81 Feet
Water Service: Municipal, Well
Sewer Type: Municipal
Easements Description: none
Land Ownership: Fee Simple
Legal Description: Lot 12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,988 60,344 132,055
Median Age: 30.41 31.46 32.46
Households: 5,687 23,229 49,687

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