2850 ashley phosphate rd Palmetto Offices and Executive Suites

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30619108
Property Subtypes: Executive Suites, Office Building
Status: Pending/Contingent
Building Size (RSF): 8,300 SF
Gross Land Area: 0.77 Acres
Sale Price: $899,900
Unit Price: $108.42 PSF
Ceiling: 9 ft.
Property Use Type: Business
Building Name: Palmetto Offices and Executive Suites
Class of Space: Class B
Usable Size (USF): 8,300 SF
Core Factor: 17%
Sale Terms: Cash to Seller
Cap Rate: 13.46%
Average Occupancy Rate: 90
Last Updated: 10/3/2020

Overview / Comments

This building can be sold empty. One of the nicest office buildings on Ashley Phosphate Rd only 1/4 mile from Palmetto Commerce Parkway. Newly remodeled lobby and into 3 1800-2200 sqft suites and five executive suites. All interior walls are non load bearing and can be re-configured to buyers specifications. Includes five bathrooms, two kitchens, a very nice shared conference room for ten and nice lobby. The office building is located only a 1/3 mile from I-26 and the Northwoods Mall shopping and hotel district. Plenty of parking. This would be an awesome owner occupied location for any business wanting central tri-county location that is five minutes from airport and fifteen minutes to downtown Charleston.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Taxing Authority: charleston
Tax ID/APN: 4841400092
Zoning: GB - General Business
Property Located Between: Palmetto Commerce Parkway and Stall rd
Property Visibility: Excellent
Highway Access: Two entrances to Ashley Phosphate rd
Airports: 5 minutes to Charleston International airport
Site Description: .77 acres with 30 parking spaces and nice roadside sign
Area Description: high visibility area of Ashley Phosphate rd only 1/3 mile from I-26 and Northwoods Mall shopping and hotel district
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,000 SF
Year Built: 1986
Year Renovated: 2020
Roof Type: Folded Plate
Construction/Siding: Brick
Exterior Description: Nice red brick with lots of glass windows
Parking Ratio: 32 (per 1000 SF)
Parking Type: Surface
Parking Description: 32 nice parking spaces recently re-sealed and striped
Total Parking Spaces: 30
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Nice lobby leading to two downstairs suite and hardwood open rail stairs leading to upstairs suite and executive suites
Zoning Description: commercial
Lot Frontage: 130 ft
Lot Depth: 220
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Easements Description: standard utility and egress easements
Land Ownership: hanahan waterfront llc
Legal Description: tract 1 part warren

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,761 69,975 141,741
Median Age: 30.56 31.71 32.49
Households: 1,605 26,640 54,216

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