Tumbleston Photography Studio

Office for Sale
Catylist Listing ID: 30513069
Property Subtypes: Business Park, Governmental, High-Tech, Institutional, Medical, Mixed Use, Net Leased, Office Building, Research & Development
Building Size (RSF): 10,000 SF
Gross Land Area: 3.54 Acres
Sale Price: $2,900,000
Unit Price: $290 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Tumbleston Photograpy Studios
Class of Space: Class B
Usable Size (USF): 10,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/24/2020

Overview / Comments

This 3.536-acre marsh front tract (2.68 acres highland) was purchased in the late 1980s for the headquarters of the local council of the Boys Scouts of America (fun fact - my dad, Brian Carmody, was the Scout's broker). The property is currently owned and occupied by Tumbleston Photography Studios who performed a complete renovation in 2017-2018. The owners are consolidating the business into their Summerville location and will deliver the building vacant at closing.

The property is also available for lease at $14/SF NNN.

While currently configured for a photography studio, the 10,000 SF building (7,603 SF on 1st floor & 2,397 SF on 2nd floor) can easily be converted for a variety of uses. Please note there is a deed restriction from 1980 (see attachments) preventing retail use of the property. The owners are working to have this deed restriction removed.

There is no For Sale/Lease sign on the property. All tours must be in the company of listing agent.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 11 - W.Ashley inside I-526 to Ashley River
Taxing Authority: Charleston County
Tax ID/APN: 415-10-00-073
Zoning: LB - Limited Business
Property Located Between: Ashley River & Orange Grove Rd
Property Visibility: Excellent
Highway Access: Excellent access to SC Hwy 7 (Sam Rittenberg Blvd via a light at Poston Rd)
Site Description: This highway & marsh frontage site contains 3.536 acres of which 2.68 acres are highland. The site has 144 feet of frontage on Sam Rittenberg Blvd frontage road.
Area Description: The property is located in the West Ashley area of the city of Charleston. Sam Rittenberg Blvd is a primary commercial artery connecting with I-26 just north of the property.
Total Number of Buildings: 1
Number of Stories: 15
Typical SF / Floor: 10,000 SF
Year Built: 1990
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Painted Wood Siding
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved surface parking for 40 vehicle. Ample excess land to accommodate additional parking.
Total Parking Spaces: 40
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Wall Units, Heat Pump
Air Conditioning: Package Unit
Zoning Description: Limited Business - City of Charleston
In Flood Plain?: Yes
Lot Frontage: 144'
Lot Depth: 374'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,834 72,247 143,881
Median Age: 40.69 33.83 34.73
Households: 1,438 29,290 60,022

Contact

Photograph of Listing Agent

B. Michael Carmody, Jr

CBRE, Inc SCCMLS Member
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