College Park Road - Development Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30479336
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 2,843 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $270,000
Unit Price: $94.97 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 8.4%
Last Updated: 8/29/2019

Overview / Comments

This is a rare commercial development opportunity in a rapidly expanding area, a corner lot on State Road and College Park Road, with significant four-lane highway frontage and many flexible uses. Situated on one acre of land, the existing structure is in excellent condition, with a new roof and HVAC system. The floor plan includes open space; an additional, finished upstairs area; and a large, glassed in porch. The improvements will lend themselves well to desired adaptations and/or modifications. There is an expanded driveway leading to the attached two car, extended garage, and a second driveway with an RV/boat sized carport, providing convenient additional ingress and egress. Surrounding development in unincorporated Berkeley County supports and facilitates rezoning of this property.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 73 - G.Creek/M.Corner Hwy.17a to Hwy.52
Taxing Authority: Berkeley County
Tax ID/APN: 233-04-00-024
Zoning: OTHER
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Property is located on the corner of College Park Road & State Road S-8-976 (also known as Red Oak Circle).
Property Visibility: Excellent
Largest Nearby Street: College Park Road
Highway Access: This property is located on a high traffic road, with frontage on four-lane College Park Road. On one side of the highway, there is dedicated left turn lane from College Park onto State Road.
Airports: Charleston International Airport
Site Description: 1 acre lot, with an existing structure and an additional large carport.
Area Description: Located in rapidly developing unincorporated Berkeley County.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,632 SF
Property Condition: Good
Year Built: 1973
Construction/Siding: Brick
Exterior Description: The exterior of the structure is solid brick.
Total Parking Spaces: 14
Parking Type: Surface
Parking Description: Widened driveway with extension; additional, 2nd driveway with large (boat/recreational vehicle size) carport
Heat Type: Electricity, Solar
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: The interior is well maintained and in excellent condition. It also would lend itself well to desired modifications.
Zoning Description: This is currently zoned residential, in a commercially developing area of Berkeley County. Adjacent parcels have commercial uses. One parcel away, zoning is General Commercial.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,633 55,301 123,204
Median Age: 30.33 34.81 33.59
Households: 2,292 19,822 45,449


Photograph of Listing Agent

Bradford V Hincher

Carolina One Real Estate SCCMLS Member
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