Triplex 2 blocks south of MUSC with Parking

Office for Sale
Catylist Listing ID: 30478616
Property Subtypes: Medical, Mixed Use, Other
Building Size (RSF): 3,920 SF
Gross Land Area: 6,100 - 6,360 SF
Sale Price: $990,000
Unit Price: $252.55 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 116 Ashley Avenue
Usable Size (USF): 3,920 SF
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: 100.0%
Last Updated: 10/4/2019

Overview / Comments

Vacant 1,920 medical / general office downstairs with 2-two bedroom 1 bath apartments upstairs.
Up to 8 parking spaces in rear and residential parking permit area on street.
Minor repairs and maintenance has begun, with one apartment listed for rent.
Historically apartments rented to Medical students, office continually occupied for 40 plus years.
Needs modest upgrades that will deliver outstanding rental rates and high occupancy.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: Charleston
Tax ID/APN: 457-03-01-090
Property Located Between: Bennett and Bull Streets
Highway Access: South of Calhoun, north of Beaufain Ave
Site Description: Improved site 53 x 120
Area Description: Downtown Charleston MUSC district
Year Built: 1967

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,914 63,454 137,896
Median Age: 26.85 34.61 36.45
Households: 8,153 26,908 57,972

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