Office-Shop-Warehouse Space on Johns Island

Office for Sale
Sale Pending/Contingent
Also listed as Industrial
Catylist Listing ID: 30455273
Property Subtypes: Executive Suites, Mixed Use, Flex Space, Office Building, Other
Status: Pending/Contingent
Building Size (RSF): 4,240 SF
Gross Building Area: See Agent
Sale Price: $540,000
Unit Price: $127.36 PSF
Property Use Type: Business
Sale Terms: Cash to Seller, Other
Cap Rate: 8.0%
Last Updated: 11/6/2019

Overview / Comments

Recently Renovated 4240 square feet of office, shop, and warehouse space situated on 0.4 acres. This place has so many options. It can be setup as three different income-producing units, but is currently setup as space for a contractor's office, shop and warehouse plus a tenant-occupied office space with separate entrance. Couple that with a great location just off of Maybank Highway in the heart of the Johns Island overlay District, and this is a truly amazing opportunity.

The MAIN OFFICE has three executive-sized offices, a full bathroom, an additional reception/office area with hardwood floors throughout, custom-cabinets, and plenty of windows (new windows) for plenty of natural light.

The SHOP AND WAREHOUSE area can be perfect for a builder, contractor, woodworker, carpenter, and comes with a plexi-glass roll up door (for plenty of natural light), a half bath, approximately 1800 square feet of shop space and approximately 500 square feet of warehouse space. This space can be utilized as a connected space with the main office, or can be utilized with its own entrance as a third tenant-occupied space. It can function as-is or be broken into several office depending on where the buyer finds the best use.

The BACK OFFICE offers four executive size offices, 2 half baths, a reception area and a separate entrance. Hardwood floors run throughout this great space that is currently utilized as a counseling center that yields $1500 in monthly income and is approximately 900 square feet of the overall space.

ADDITIONAL EXTERIOR COVERED STORAGE also sits on the north side of the property and can be used as covered storage or could ultimately be covered parking. Also has the potential for individually rented covered boat storage.

There are also 11 PARKING SPACES with space for more.

Square footage on tax records is 4240. IF exact square footage is important please measure.

A portion of property is tenant occupied for $1500/months and owner occupies front office of upstairs and shop/warehouse space. Owner would be willing to lease back after property is sold.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $2,000 (Annual)
Potential Rental Income $64,200 (Annual)
Gross Operating Income $64,200 (Annual)
Net Operating Income $12,348 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 23 - Johns Island
Tax ID/APN: 2790000015
Property Located Between: River Road and Bohicket Road on just off of Maybank Highway few hundred feet away from the Habitat for Humanity
Property Visibility: Excellent
Highway Access: A few hundred feet off of Maybank Highway
Airports: 10 minutes to Charleston Executive Airport
Site Description: Level fenced lot of 0.4 acres
Area Description: Johns Island Maybank Highway Overlay Corridor and tons of growth here.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,120 SF
Year Built: 1983
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Block, HardiePlank Siding, Stucco
Exterior Description: A combination of stucco over concrete blocks, hardi plank of concrete block, exposed concrete block in the back, and copper roofing
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface parking on both sides and front of building. Some spaces delineated with striping
Total Parking Spaces: 11
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Well finished with hardwoods, custom cabinets, refinished bathrooms and more
Zoning Description: Maybank Highway Overlay District-Commercial Transitional
Lot Frontage: 125
Lot Depth: 138
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,370 10,840 51,838
Median Age: 38.4 37.27 37.52
Households: 893 4,243 22,824

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