Neighborhood Corner Store Business- Coming & Line St

Retail-Commercial for Sale
Catylist Listing ID: 30421506
Property Subtypes: Convenience Store, Street Retail
Building Size (RSF): 1,200 SF
Gross Building Area: See Agent
Sale Price: $219,000
Unit Price: $182.50 PSF
Ceiling: 10 ft.
Property Use Type: Business
Building Name: Coming Street Grocery
Usable Size (USF): 1,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2019

Overview / Comments

Convenience Store/Corner Store Business for sale. LEASE RATE IS $1,000.00 PER MONTH FOR 17 YEARS Beer & Wine & Tobacco sales. Basic convenience store items. Great area in downtown Charleston. High concentration of college students in this area. Take out Pizza, Chinese or Taco Store with take out would do well.

Also has area to expand and make outside seating. Good location for a Pizza or carry out location that could be added to convenience store.

On the corner of Line Street & Coming Street. Included in sale: All 10 coolers (new) and 3 compartment sink, Ice Machine, prep tables wash sinks and counters, all DHEC approved.. SC Lottery tickets sold here.

17 year lease in place. Current lease rate is $1,000.00 plus half of the insurance on the building ($600.00) plus a 3% annual increase in RENT.
Also has right of first refusal to purchase building. Call agent for details.

Do not speak with employees.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: Charleston County
Tax ID/APN: 4600801041
Zoning: CC - Community Commercial District
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: LIne Street
Feet of Frontage: 50
Highway Access: Coming Street to I-26
Airports: Charleston International
Site Description: Growing downtown corner store well located, student area and business area.
Area Description: General Business area corner Coming Street & Line Street, in the thick of the neighborhood.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,200 SF
Year Built: 1840
Construction/Siding: Wood Siding
Exterior Description: 2 Story house with commercial downstairs and residential upstairs.
Parking Type: Other
Parking Description: Parking on street
Sprinklers: Dry
Heat Type: Electricity, Hot Water
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Other
Zoning Description: General Business.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Legal Description: Mixed use.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,096 59,289 141,845
Median Age: 28.21 34.56 36.2
Households: 8,492 25,119 59,401

Contact

Photograph of Listing Agent

Isabelle Martinez

Agent Group Realty
SCCMLS Member
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