Proposed Retail and Apartment Site on Chuck Dawley - 0.64 Acres

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30783632
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Status: Pending
Building Status: Proposed
Building Size (RSF): 4,992 SF
Gross Building Area: See Agent
Sale Price: $1,300,000
Unit Price: $260.42 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/21/2022

Overview / Comments

Oswald Cooke & Associates is pleased to offer a 0.64 acre retail site for sale at 1135 Chuck Dawley Boulevard. The property is permitted to renovate an existing building plus an additional retail space for a total of 4,492 SF. The permit conveys a 1,500 SF renovated apartment in the rear and a 2,992 SF new construction retail store in the front. The property offers high visibility and full access on Chuck Dawley Boulevard with rear access to Pleasant Oaks Street. Chuck Dawley Boulevard (22,200 VPD) is a main thoroughfare that feeds into Interstate 526 and is home to many local and national businesses. The site is zoned Areawide Business (Boulevard Overlay) in the Town of Mount Pleasant and allows for a variety of commercial uses. The site is 3.8 miles from the Ravenel Bridge and 0.5 Miles to Interstate 526. Charleston has been named the No. 1 Tourist Destination in America by Conde Nast multiple times. In 2017 it was estimated that 6.9 million visitors came to the Greater Charleston area which is a 26% increase from 2016. The economic impact in 2017 from tourists alone was $7.37 billion.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 42 - Mt.Pleasant South of IOP Connector
Tax ID/APN: 532-08-00-099
Year Built: 1980

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,119 40,211 85,219
Median Age: 38.64 41.17 38.63
Households: 4,338 17,952 35,633

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