SANTEE PLAZA 5.3% Cap + 4 ACS for development

Shopping Center for Sale
Catylist Listing ID: 30810799
Property Subtypes: Neighborhood Center
Building Size (RSF): 42,640 SF
Gross Land Area: 11.20 Acres
Sale Price: $2,000,000
Unit Price: $46.90 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.3%
Average Occupancy Rate: 80
Last Updated: 11/9/2022

Overview / Comments

Shopping center anchored by IGA store with potential to develop 4 more acs. 165 parking spaces. Includes 2/3ac lot TMS 026-10-01-003.

DIRECTIONS: Hwy 52 to St. Stephens

LEASE INFO: GROUND LEASES WITH IGA AND GAS STATION; 8,160SF FREESTANDING BUILDING + 4800SF OF RETAIL SPACE NEXT TO IGA.

TENANT INFO: IGA STORE, IGA GAS STATION,, SANTEE DRUG CENTER, 1 restaurant, 1 school and 1 church (4800 SF).

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 75 - Rural: Cross/St.Stephens/Bonneau
Tax ID/APN: 026-10-01-067
Zoning: GC - General Commercial District
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Hwy 52
Area Description: Retail/commercial area in St. Stephens
Year Built: 1990

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,699 6,963
Median Age: 40.36 39.33
Households: 1,008 2,623

Contact

Photograph of Listing Agent

Doug S Richardson

AgentOwned Realty SCCMLS Member
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