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: 3.5%
Last Updated: 10/9/2018

Overview / Comments

Opportunity to own a very busy 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 added by BP in 2nd half 2018. 16' canopy. Net leased investment property with an NOI of $110,000. 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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