Investment & Development Opportunity

Industrial for Sale
Also listed as Office, Vacant Land
Catylist Listing ID: 30597439
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Light Industrial, Net Leased, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 24,800 SF
Gross Building Area: See Agent
Gross Land Area: 15.47 SF
Sale Price: $2,600,000
Unit Price: $104.84 PSF
Ceiling: 22 ft. / 18 ft. Clear
Drive In Bays: 50 Bays
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: The Shops at Pidgeon Bay - Portfolio
Sale Terms: Cash to Seller, Other
Last Updated: 5/19/2020

Overview / Comments

The Shops at Pidgeon Bay is a well known Industrial Park located at the corner of West Richardson Ave. and Pidgeon Bay Road in Summerville, South Carolina - Dorchester County. Built between 2000 and 2006, Pidgeon Bay offers cost-effective Industrial, Office, and Yard space, with flexible options, unrivaled access, and immediate proximity to the interstate.
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​​Summerville, South Carolina is one of Charleston’s fastest growing submarkets. This is a place where Industry and quality of life intersect. The area is booming with activity, new construction, and flourishing businesses. Access to downtown without the congestion and with room to grow.
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​​The Park consists of three existing Industrial buildings totaling nearly 25,000sf, various yards that are fenced and graveled, and significant acreage of cleared land for outside storage, parking, and/or future development. The majority of Tenants are commercial businesses and service-related companies and occupy spaces ranging from 1,300sf to 3,000sf.
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​​The local market conditions and pent up demand for smaller Industrial spaces with parking and potential for yard storage makes this site uniquely positioned in the market and offers significant upside potential and flexibility for future ownership.
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​​In addition to the existing buildings, the total site area- 15.47 acres with multiple access points, offers an exciting development opportunity. Construction plans for a new 16,200sf Industrial-Flex building are well underway.
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​​This assemblage of income producting Industrial buildings, yards, and proposed new construction makes this an excellent opportunity for those seeking flexible commercial investment opportunities.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Taxing Authority: Dorchester County
Tax ID/APN: 113-13-00-103, 130-13-00-105; 130-13-00-009
Zoning: CLI - Commercial Light-Industrial District
Property Located Between: Site is located at the intersection of Pidgeon Bay Rd, West Richardson Avenue (aka County Rd S-10-65), and Parsons Rd - opposite the WestRock Lumbermill
Highway Access: 1 mile to US-HWY 78; less than 4 miles to I-26
Airports: 21.5 miles to Charleston International Airport (CHS)
Site Description: Industrial Park consisting of 3 parcels totaling 15.47 acres zoned CL-2 (Light Industrial) in Dorchester County, SC (unincorpoarted) The site has 3 existing Industrial/Flex buildings, various yards that are leased to various Tenants. 130-13-00-009: 1.02 ac raw land 130-13-00-103: 1.72 ac with two Industrial Buildings- 116 Pidgeon Bay (8,000sf) and 108 Pidgeon Bay (4,800sf) 130-13-00-105: 12.73ac with one Industrial Building- 120 Pidgeon Bay (12,000sf) and 1030 West Richardson (16,200sf PROPOSED)
Area Description: The Shops at Pidgeon Bay is a longstanding Industrial Park located in Dorchester County. The park is in close proximixty to the Woodlands Mansion, Nexton, downtown Summerville, and surrounding by booming industry and developments
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Property Condition: Good
Year Built: 2000
Roof Type: Flat
Construction/Siding: Metal Siding
Parking Type: Surface
Eave Height: 17
Column Spacing: Clear Span
Sprinklers: None
X-Phase: 3-Phase
Zoning Description: Zoned CL-2 (Light Industrial) under the Dorchester County zoning ordinance. Please contact for details and due diligence materials as recent zoning changes have been approved
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Private

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,444 48,686 104,918
Median Age: 38.71 35.95 35.04
Households: 2,041 18,244 39,005
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