206 W Arctic Ave

Retail-Commercial for Sale
Catylist Listing ID: 30343681
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Status: Proposed
Building Size (RSF): 880 SF
Gross Building Area: 3,600 SF
Gross Land Area: 0.24 Acres
Sale Price: $800,000
Unit Price: $909.09 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 3,600 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/24/2019

Overview / Comments

WONDERFUL INVESTMENT PROPERTY: ***SEE VIDEO LINK***This is a street to street lot that can be utilized for Residential or Commercial, spanning from West Arctic through to West Ashley. The property is zoned Island Commercial, therefore allowing multiple uses, which can be further identified or determined by calling Aaron Pope of Folly Beach Planning & Zoning. There is an existing 880 Square Foot Bungalow-style home facing the West Ashley side of the property. The current zoning allows for up to 3,600 Square Feet in total structures. It can be configured in 1,2 or 3 separate buildings. Raised construction with parking underneath the buildings would likely be the best form of use for this unique lot. One possible configuration would be to have (2) 1,000 Square Foot buildings on West Arctic and (1) 1,600 Square Foot building on the West Ashley side of the property. If used for seasonal rentals, it should generate a very favorable ROI.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 22 - Folly Beach Area to Battery Island
Tax ID/APN: 328-14-00-156
Zoning: OTHER
Retail Clientele: Family, Business, Recreation, Other
Property Located Between: West Arctic and West Ashley
Property Visibility: Excellent
Largest Nearby Street: One block from Center Street. Ideal Location.
Area Description: Desirable second row back from Atlantic Ocean/Beach.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 880 SF
Property Condition: Average
Year Built: 1980
Zoning Description: Island Commercial
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,210 16,534
Median Age: 40.23 39.74
Households: 4,390 7,362

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