Savannah Hwy Retail Shopping Center

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30478402
Property Subtypes: Mixed Use, Neighborhood Center, Net Leased, Strip Center, Other
Status: Pending
Building Size (RSF): 6,083 SF
Gross Building Area: See Agent
Sale Price: $1,150,000
Unit Price: $189.05 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Other
Cap Rate: 4.8%
Last Updated: 9/16/2019

Overview / Comments

Oswald Cooke & Associates is pleased to offer a 6,083 square foot retail strip center for sale. The 0.46 acre property is located at 1649 Savannah Hwy in Charleston, South Carolina. The fully leased strip center shares a wall with the adjacent parcel and sits on the busiest corridors in the MSA. There are multiple office and retail developments in all directions. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2017 it was estimated that 6.9 million visitors came to the Greater Charleston area which is a 26% increase from 2016. The economic impact in 2017 from tourists alone was $7.37 billion.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 11 - W.Ashley inside I-526 to Ashley River
Tax ID/APN: 3500600073
Year Built: 1984

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,850 62,824 139,719
Median Age: 37.99 36.38 35.29
Households: 5,173 27,946 58,909

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