2156 Midland Park Rd. - Two Unit Office + Duplex

Office for Sale
Sale Pending/Contingent
Also listed as Multi-Family
Catylist Listing ID: 30199980
Property Subtypes: Executive Suites, Office Building, Other
Status: Pending/Contingent
Building Size (RSF): 3,960 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $292,500
Unit Price: $73.86 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 13.76%
Last Updated: 9/4/2018

Overview / Comments

Income producing investment opportunity with frontage on Midland Park Rd: less than .25 miles from Rivers Ave and 3 min. from I-26. Property offers 2,904 SF of commercial/office space on two floors with separate entrances, as well as a 1,056 SF residential duplex in the rear. Commercial building’s first floor unit is occupied by a single tenant; the second floor has three stylists in individual suites and one larger unoccupied space. Tenants are in place for each of the two-bedroom residential duplex units.

All tenants week to week - many have multi-year tenure.

N. Chas Future Land Use: REDEVELOPMENT PRIORITY

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 478-16-00-064
Zoning: OTHER
Property Located Between: Rivers Ave and I-26
Property Visibility: Excellent
Highway Access: 1.5 miles from I-26 exit 211 - Aviation Ave
Airports: Charleston International Airport (CHS)
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 1,452 SF
Year Built: 1992
Roof Type: Gable
Construction/Siding: Brick
Zoning Description: ON - Office Neighborhood
Lot Frontage: 65 ft. - Rivers Ave 43 ft. - Victory Ln
Lot Depth: 342 ft.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LT B PlatSuffix Z-109 PolTwp 003

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,605 55,665 130,969
Median Age: 28.53 32.42 32.77
Households: 3,449 22,056 50,189
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