1813 Renyolds Ave / Retail - Commercial

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30384274
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Status: Pending/Contingent
Building Size (RSF): 4,731 SF
Gross Building Area: See Agent
Sale Price: $469,900
Unit Price: $99.32 PSF
Property Use Type: Investment, Business
Building Name: Park Circle Creative
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 3/26/2019

Overview / Comments

This building is located in the up and coming Spruill Ave business
district. Just one mile south of Park Circle located off Spruill Ave.
There is heavy business development all along Spruill Ave to include
Reynolds Ave as well.

The building is divided internally into three sections of approx. 1800,
1500 and 1100. The two front sections have several wide openings that
connect them. There is currently one bathroom but there are 4 toilet
flanges available. Two in each of the main sections where 2 more
bathrooms can be built.
- Electrical service and wiring is brand new.
- New roofing 2017: TPO membrane covering with 30 a year warranty (including labor).
- Two new 4.5 ton HVAC units in 2018 with a 10 year warranty.
- New large glass double-door entrance located on the side of the building.
- 3000 Sq foot level, gravel parking lot located off-street.
- New alarm system for the whole building with touch pad control.

- Beer/Wine license in place.

- Starting in June, Spruill Ave will be shutdown at Cosgrove for approx.
12-18 months with traffic diverted down Reynolds Ave. The projection is
that 5000+ cars will drive past this location daily giving this building
an incredible amount of visibility!
- Owners current use of space has created media attention in local newspaper and online media and location is known in the community by word of mouth as well.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 469-12-00-032
Zoning: B-2 (NORTH CHARLESTON)
Property Visibility: Excellent
Largest Nearby Street: Spruill
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1980
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Zoning Description: (B2) - General Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Subdivision Name -CHICORA PLACE Description -LTS 11&13 BLK B PlatSuffix D-197 PolTwp 004

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,878 38,164 135,321
Median Age: 33.56 35.35 34.35
Households: 2,688 14,385 54,276

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