Folly Beach Development Opportunity
Multi-Family
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30668005 |
| Property Subtypes: |
Duplex/Fourplex, Mixed Use
|
| Number of Units: |
3 Units |
| Building Size (RSF): |
3,699 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.24 Acres
|
| Sale Price: |
$1,325,000 |
| Unit Price: |
$441,666.67 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
99 |
| Last Updated: |
11/23/2020 |
Overview / Comments
Rare Folly Beach downtown investment opportunity! Zoned Downtown Commercial, this property offers a wide array of potential uses. The .24 acre lot runs street to street from E. Huron Ave to E. Indian Ave, the the public beach access path conveniently located along the side of the property. The existing building is comprised of a residential duplex facing E Huron and a commercial unit facing E Indian (current tenant is a bike rental shop). The residential units are currently rented by the room on a month-to-month basis.
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
22 - Folly Beach Area to Battery Island |
| Tax ID/APN: |
328-10-00-043 |
| Percent Occupied: |
100% |
| Total Number of Buildings: |
1 |
| Property Condition: |
Fair |
| Number of Stories: |
2 |
| Year Built: |
1950 |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
9,210 |
18,296 |
| Median Age: |
40.23 |
39.01 |
| Households: |
4,390 |
8,133 |
|
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