Corner of Main Street and Railroad Avenue

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30316456
Property Subtypes: Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Building Size (RSF): 3,000 SF
Gross Land Area: 0.28 Acres
Sale Price: $475,000
Unit Price: $158.33 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Usable Size (USF): 3,000 SF
Sale Terms: Cash to Seller, Other
Cap Rate: 5.0%
Last Updated: 6/26/2021

Overview / Comments

Great investment with 3 business rentals in one building AND a corner lot on Main Street across from the new recreational complex!! Great visibility to Main Street and street parking. DO NOT DISTURB THE TENANTS. Financials available with acceptable offer. The property currently has 2 tenants, one is a salon and long-term tenant and the other is a long-term tenant clothing store who also occupies the 3rd floor for storage. The upstairs has a small office space that is currently not rented. The upstairs is approximately 500sqft. and has a 1/2 bathroom. The salon and clothing store both have private 1/2 bathrooms as well. The salon also has a washer/dryer hookup area and employee lounge plus a large open front area with 6-8 chairs and a small room for hair washing. The clothing store has a large front area and a backroom/office. Both units have separate HVAC systems, one was replaced around 2015. Rents as of 2020 are $2200 a month.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 76 - Moncks Corner/Pinopolis Area
Taxing Authority: Moncks Corner
Tax ID/APN: 1420801054
Zoning: GC - General Commercial District
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Main Street and Railroad Avenue
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 119
Highway Access: Main Street.
Area Description: In the middle of the commercial district.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1980
Year Renovated: 2009
Roof Type: Arched
Construction/Siding: Other
Exterior Description: 5 entrances.
Total Parking Spaces: 40
Parking Type: Surface, Other
Parking Description: County-Maintained road and parking.
Heat Type: Electricity, Other
Heat Source: Central
Air Conditioning: Package Unit, Other
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,694 13,250 18,054
Median Age: 32.63 35.33 37.25
Households: 644 4,783 6,681


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