Catylist ID:
#30765751
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: | $496,000 |
| Unit Price: | $98.14 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: | 6/23/2022 |
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. |
Attachments & Media
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 |
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 |
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