Gas Station/Development Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30290126
Property Subtypes: Service Station/Gas Station
Building Size (RSF): 21,344 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 Acres
Sale Price: $3,199,000
Unit Price: $149.88 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 4.0%
Last Updated: 11/28/2018

Overview / Comments

Over 1.95 million in revenue in 2018! Opportunity to own a very busy gas station(BP)business or develop this great piece of property located in the center of the rapidly redeveloping Coleman Blvd Corridor. There's over 150 feet of Coleman Blvd frontage on a .49 acre lot. Sale is for the business and land. Busy gas station and convenience store with room for growth. Increase the size of the market and/or add a car wash?. BP marketing and new pumps, signage and kiosks being just added. 16' canopy. There is a buy-out on the agreement with BP. Think Long-term redevelopment site with near term income. Land can also be developed into office buildings or retail, etc.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 42 - Mt.Pleasant South of IOP Connector
Taxing Authority: Charleston County
Tax ID/APN: 5171600092
Zoning: GB - General Business
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Shem Drive and Simmons Street on Coleman Boulevard
Property Visibility: Excellent
Largest Nearby Street: Coleman Boulevard
Feet of Frontage: 150
Traffic/Vehicle Count: 30,000
Highway Access: Access to Highway 17 via Coleman Boulevard and Highway 526. DIRECTIONS: From I-26E, take exit 220 to merge onto US-17 N/Septima Clark Pkwy toward Mount Pleasant. Use right 2 lanes to take the S Carolina 703/Coleman Blvd ramp towards Sullivan Island. Destination located on the left.
Airports: Charleston International Airport
Site Description: 21,344 sqft lot per Charleston County records. Restroom Building on lot as well as market and pump stations
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1985
Roof Type: Flat
Construction/Siding: Metal Siding
Parking Type: Surface
Sprinklers: None
Zoning Description: Property Class Code: 500- general commercial
Lot Frontage: 150
Lot Depth: 149
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Description -PT SECTION B PART SUNSET FARMS PlatSuffix AG-9 PolTwp 002

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,911 37,159 98,281
Median Age: 41.28 41.21 37.55
Households: 4,420 16,676 41,797


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