Established Commercial Lease Investment Opportunity

Office for Sale
Catylist Listing ID: 30765751
Property Subtypes: Business Park, Executive Suites, Coworking, Governmental, High-Tech, Medical, Mixed Use, Flex Space, Net Leased, Office Building
Building Size (RSF): 5,054 SF
Gross Building Area: 5,147 SF
Gross Land Area: 0.71 Acres
Sale Price: $515,000
Unit Price: $101.90 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Class of Space: Class A
Usable Size (USF): 5,147 SF
Core Factor: 5,054%
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 10/8/2021

Overview / Comments

Great Opportunity to Purchase Prime Commercial Real Estate with an Established Long-Term Lease, making this a Great Diversification to your Investment Portfolio! Professional Brick Office Building with 5054sqft located in the Center of Walterboro. Updated with the latest smart technology, security system, outdoor security cameras, wi-fi, and exterior lightning so that you can be completely connected.
Freestanding building with great visibility, convenient ingress and egress accessibility and is in close proximity to I-95 interstate and to other new construction growth in the Walterboro area. Property has ample amounts of parking spaces and parking is available in the rear of the property, for future expansion.
There are multiple redevelopment/projects underway in the area, making this Prime Commercial property desirable for a wide variety of uses and continue to increase engagement and activity in and around the City and County of Walterboro into the foreseeable future.

Additional Details

Nearest MSA: Hilton Head Island-Bluffton
County: Colleton
Submarket/Township: 82 - Colleton County
Submarket Type: Central Business District
Taxing Authority: Walterboro
Tax ID/APN: 163-02-00-119
Zoning: IMPROVED COMMERCIAL
Property Located Between: Close proximity to I-95 interstate connections
Property Visibility: Excellent
Highway Access: Close proximity to I-95 interstate, Jefferies Hwy., Bells Hwy., and within the City and County of Walterboro
Airports: Lowcountry Regional Airport- Walterboro
Site Description: Improved Commercial, Freestanding Brick Professional Building with great visibility and convenient easy ingress and egress accessibility,
Area Description: Multiple redevelopment/projects underway in the area, making this Prime Commercial property desirable for a wide variety of uses and continue to increase engagement and activity in and around the City and County of Walterboro into the foreseeable future.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,054 SF
Year Built: 1999
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Professional Brick Office Building with 5054sqft. 17 parking spaces at the front of the Building, with 2 handicap parking spaces available. Recent updates include the painted exterior, new exterior lightning installed, and resurfacing the parking area. In 2020 a new roof was installed, newly landscaping, and new irrigation system installed.
Parking Type: Surface
Parking Description: Accommodates parking for employees, clients, and customers for the multiple offices.
Total Parking Spaces: 30
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: 5054 sqft, professional building with 4 separate offices, 3 bathrooms, full Kitchen Area, with a large spacious room currently used as a sanctuary. Continually maintained, cleaned and updated.
Zoning Description: General commercial zone (C-3). The C-3 general commercial zone is intended for general commercial uses.
Lot Frontage: 128
Lot Depth: 273
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: (Lot4-A) EDDIE CHASTEEN Dr MapPlatB 926 MapPlatP 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,975 9,830 16,824
Median Age: 39.21 40.36 38.8
Households: 1,637 3,905 6,462

Contact

Photograph of Listing Agent

Shannon M Guess

RE/MAX All Country SCCMLS Member
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