Investor Opportunity Park Circle

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30754281
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 6,000 SF
Gross Building Area: 6,203 SF
Gross Land Area: 0.21 Acres
Sale Price: $2,250,000
Unit Price: $375 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 6,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 6.6%
Average Occupancy Rate: 100
Last Updated: 8/24/2021

Overview / Comments

Check out this commercial investor offering in the trendy Park Circle neighborhood of North Charleston. East Montague Avenue is the pulse of this community and features a great collection of lively dining and nightlight venues along with several retail stores. 1083 Montague A, B, and C are established businesses with leases in place. The property has a restaurant in Unit A and B, at 1800 square feet per Unit and Unit C is a retail business with approximately 2400 square feet.
These successful tenants will remain in place and this property offers a great opportunity to be a part of a growing community with an established reputation for welcoming area newcomers and boasting an easy community in which to connect.
In addition to being a vibrant, growing area, Park Circle is within biking distance of Riverfront Park, the Hunley Museum and several additional parks and the soon to be completed bike/walkway to the river. Park Circle is also less than 10 minutes from downtown Charleston, and within easy driving distance to the Performing Arts Center and Coliseum, Charleston International Airport, several beaches and numerous additional shopping and entertainment venues.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 470-08-00-178
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1973
Lot Frontage: 70
Lot Depth: 130
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,870 43,801 111,144
Median Age: 39.19 34.11 34.56
Households: 2,227 16,488 44,424


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