Residential/Commercial Two Unit Portfolio in Walterboro SC

Office for Sale
Also listed as Multi-Family
Catylist Listing ID: 30800356
Property Subtypes: Coworking, Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 2,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.72 Acres
Sale Price: $240,000
Unit Price: $109.09 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2022

Overview / Comments

65K PRICE IMPROVEMENT!! This is an opportunity to purchase two properties in Walterboro, SC. The first property is located @ 1259 Bells Hwy and zoned highway commercial. It is approx 1200 sq ft, was built in 1955, and renovated in 2009. The property could remain a residence or would work well as professional office space or retail. The space includes a large front porch, fenced in backyard, family room, dining room, kitchen, laundry/storage room, full bath and three large bedrooms. Fresh paint and relatively new flooring have been recently added. This property has a tenant in place @ 1000/month until December 2022.

The second property at 504 Dorsey St. is also 3BR/1BA and approximately 1000 sq ft. This home has been vacant for several months and is need of rehabilitation. The homes are back to back and sit on a combined .72 Acres.
The potential also exists for complete commercial development of the site with removal of both structures.

Location is everything, and these properties are located just two blocks from Exit #57 @ I-95. Recent development in the area includes Cook-Out, Popeyes, an Urgent Care Facility, and Starbucks just to name a few. This is a high traffic area and a regular stop for travelers along the I-95 corridor. Walterboro is growing quickly as adjoining counties continue to push beyond their borders. Act now to secure investment property in a growing market. The TMS# is 147-09-00-057 for the Dorsey St property.

Owner(s) are willing to sell 1259 Bells Highway Independently for 175K.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Colleton
Submarket/Township: 82 - Colleton County
Submarket Type: Central Business District
Tax ID/APN: 147-09-00-064.000 AND 147-09-00-057.000
Zoning: RESIDENTAL/COMMERCIAL
Property Located Between: Exit #57 on I-95 and Robertson Blvd
Highway Access: Easy access to I-95
Site Description: Located along busy four lane highway.
Total Number of Buildings: 2
Year Built: 1999
Lot Frontage: 100 Feet
Lot Depth: 325 Feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,853 8,243 15,775
Median Age: 40.96 40.64 39.04
Households: 1,224 3,325 6,033

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