Large Office/Retail for Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30385438
Property Subtypes: Governmental, High-Tech, Institutional, Medical, Mixed Use, Office Building, Research & Development, Other
Building Size (RSF): 13,070 SF
Gross Building Area: See Agent
Gross Land Area: 0.94 Acres
Sale Price: $1,850,000
Unit Price: $141.55 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2021

Overview / Comments

Over 13,000 SF building for sale located off McMillian Avenue in one of the largest growing communities in North Charleston by Charleston’s Naval Base and Shipyard. The path for redevelopment is underway including mixed use expansion with retail, office, residential and green spaces for master plan development . McMillan Avenue will serve as an important corridor connecting Cosgrove Avenue and Rivers Avenue and will be the main gateway entrance into the new development. Property is adjacent to proposed Low Country Rapid Transit terminal. Current Tenant in place is called Discovery School which is currently operating classes and in session. Property consists of 13 classrooms, several offices, auditorium with stage, kitchen, laundry room, conference room as well as large outdoor playground area. Furniture, fixtures and equipment are negotiable for separate fee. Showings must be scheduled by Listing Agents.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 469-07-00-007
Property Located Between: Spruill Avenue and Rivers Avenue
Property Visibility: Excellent
Highway Access: I-26
Area Description: Over the past 20 years, the City of North Charleston has experienced a steady and significant growth in population while gaining national attention for its position as a magnet for corporate business and quality of life. In addition to grossing the largest retail sales in the state of South Carolina with over 5 million square feet or retail space, the City of North Charleston has also become the target of international corporations (such as Boeing) due in large part to its pro-business philosophy.
Year Built: 1990
Parking Type: Surface
Parking Description: Parking in front and rear of property

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,262 41,968 135,655
Median Age: 33.98 34.84 34.15
Households: 3,939 15,884 54,557
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