946 Orleans Road | Edwin Watts Building

Retail-Commercial for Sale
Also listed as Shopping Center, Special Purpose
Catylist Listing ID: 29983572
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 11,507 SF
Gross Land Area: 0.88 Acres
Sale Price: $3,500,000
Unit Price: $304.16 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Edwin Watts Golf
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/14/2018

Overview / Comments

Rare opportunity to purchase a well known Free-standing building on Orleans Road shadow anchored by many other well-known Retailers. Current Tenant in place. Income producing property with potential to increase this income.

Across from Citadel Mall and out parcel to West Ashley Shoppes
Major retail hub in Charleston SC
Property has Edwin Watts Golf Academy and lessons offered on site.
Outparcel at West Ashley Shoppes with anchor tenants including Bed Bath & Beyond, Ross Dress for Less, World Market and Party City
Area retailers including Costco, Belk, Target, Dick's Sporting Goods, PetSmart, and Movie Theater
Conveniently located at the southern end of Highway 526
SC DOT Traffic Counts: Orleans Road: 9200 AADT, Sam Rittenberg Blvd: 27,800 AADT, Highway 526: 40,500 AADT

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 11 - W.Ashley inside I-526 to Ashley River
Taxing Authority: City of Charleston
Tax ID/APN: 351-09-00-057
Zoning: GB - General Business
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Sam Rittenberg | Orleans Road | US-17 | 5-26
Property Visibility: Excellent
Largest Nearby Street: Sam Rittenberg
Feet of Frontage: 321
Highway Access: 526
Airports: Charleston International
Site Description: .8800 Stand Alone Outparcel with 321 frontage on Orleans Road across from Citadel Mall; property depth 173 feet. Property class code: 500-General Commercial
Area Description: West Ashley Citadel Mall, Separate outparcel at West Ashley Shoppes with Anchor Tenants including Bed Bath & Beyond, World Market. Area retailers include Target, Dick's, PetSmart, Belk, Movie Theater.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,507 SF
Property Condition: Good
Year Built: 1999
Year Renovated: 2008
Roof Type: Flat
Construction/Siding: Block, Brick, Stucco
Exterior Description: Stucco and Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Heat Pump
Air Conditioning: Engineered System, Package Unit
Internet Access: Cable
Zoning Description: General Business in City of Charleston
Lot Frontage: 321
Lot Depth: 173
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,142 60,800 133,344
Median Age: 33.36 37.79 35.93
Households: 4,800 27,937 56,760
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