RIVERS AVENUE | FOR SALE

Office for Sale
Also listed as Retail-Commercial, Industrial
Catylist Listing ID: 30577510
Property Subtypes: Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 27,030 SF
Gross Building Area: See Agent
Sale Price: $3,250,000
Unit Price: $120.24 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Other
Cap Rate: 7.5%
Last Updated: 11/17/2020

Overview / Comments

5640 and 5634 Rivers Avenue is a unique property on one of the most highly traveled retail strip in North Charleston boasting 33,600 vehicles per day (VPD). Located at the nexus of travel in the tri-county area this property is directly off I-26 at exit 211A on Rivers Avenue. The property consists of two buildings with a total of 27,030 SF and a cell tower. 5640 Rivers Avenue has 20,333 SF of office space and 5,000 SF of warehouse space. While 5634 Rivers Avenue is a stand-alone retail building with 1,697 SF. Access from Rivers Avenue and from the rear of the property on Craig Street, this property is ideal for an owner/user or an investment property.

From downtown Charleston, take exit 211A off of I-26, a right onto Remount Road and a left at 5640 and 5634 Rivers Avenue. With proximity to multiple restaurants, banks, and big-box retail businesses this location is unmatched.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 472-08-00-107, 472-08-00-106
Zoning: B-2 (NORTH CHARLESTON)
Property Visibility: Excellent
Year Built: 1990
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,440 50,815 130,605
Median Age: 33.11 32.62 33.26
Households: 3,591 19,448 50,238
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