Value Add Opportunity Zone Building Portfolio

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Industrial
Catylist Listing ID: 30376520
Property Subtypes: Street Retail, Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 12,668 SF
Gross Building Area: See Agent
Gross Land Area: 0.83 Acres
Sale Price: $550,000
Unit Price: $43.42 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 3.5%
Last Updated: 5/23/2019

Overview / Comments

Approximately 12,668 sf in 3 buildings on 0.83 acres , zoned light industrial on East Main Street in Moncks Corner. The buildings include a 7,200 sf former auto parts store. The first floor, showroom and office can be leased with minimal uplift. The front blue warehouse is 3,460 sf and leased month to month. The Back garage is split for 2 separate units, leased month to month to a single tenant. Both tenants want to stay long term, and the current gross rent is $2750 monthly, well below market. Ideal income property in the center of fast growing Moncks Corner. 3.5% cap rate. Low cap rate is due to below-market rents on existing tenants and the largest 7,200sf space is sitting vacant.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 76 - Moncks Corner/Pinopolis Area
Tax ID/APN: 142-08-02-028
Zoning: LI - Light Industrial District
Airports: Charleston International Airport
Total Number of Buildings: 3
Year Built: 1940
Sprinklers: None

View FullscreenMap

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
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.