Catylist Listing ID: 30388349
Property Subtypes: Flex Space, Office Building
Building Size (RSF): 36,000 SF
Sale Price: $215,000
Unit Price: $5.97 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: 10.0%
Last Updated: 3/25/2020

Overview / Comments

Great 2000 square feet office/ warehouse space available for SALE! Very low fees! Move in ready! Iron Gate Business Park is a brick-front, two building complex located on the highly desirable Trolley Road in Summerville, SC. Building one has 12 units and building two has 6 units, with a shared parking area in between the two. Available for sale is unit 124 which consist of a mixture of office and warehouse space for tons of potential uses, including office, warehouse storage, retail, medical office, material suppliers, showrooms, and more. This unit 124 was previously occupied by an HVAC mechanical contractor. All units feature tall ceilings, a 12x12 ground level roll up door and 3.0 exterior door at the rear of the units. This property is highly visible with frontage on Trolley Road, located in a strong and growing market. Traffic count is approximately 29,000 vehicles/day.

DIRECTIONS: Located on Trolley Rd midway between Dorchester Rd and Berlin Myers Pkwy. From I26, take exit 199 to Berlin Myers Pkwy to Trolley Rd.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 61 - N.Chas/Summerville/Ladson Area
Tax ID/APN: 153-03-03-025
Zoning: LI - Light Industrial District
Property Located Between: Ye Old Fashion Sandwhich Shop
Area Description: Highly visible location on Trolley Rd, one of Summerville's main thoroughfares with high traffic counts (approx 29,000 vehicles/day), surrounded by other commercial properties, retail, office and many established residential subdivisions.
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 2,000 SF
Year Built: 1985
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Interior Description: Elevator(s): N
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,524 70,579 131,212
Median Age: 35.59 35.3 34.65
Households: 6,320 26,585 48,397


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