719 Folly Road

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30512376
Property Subtypes: Office, Retail, Retail-Pad, Other
Status: Pending/Contingent
Gross Land Area: 6.14 Acres
Sale Price: $3,000,000
Unit Price: $488,599 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

This site is 6.14 acres with 2.94 acres of highland and 3.2 acres of marsh on James Island Creek and Folly Road. The site contains three tax map parcels - 425-03-00- Lot 054 = 0.7 acre highland; Lot 055 = 1.6 acres highland and Lot 056 = 0.64 acre highland for a total of approx. 2.94 acres of highland. The highland has 376 feet of frontage on Folly Road. It provides exceptional visibility to Folly Road and spectacular views of James Island Creek..
The site is zoned Community Commercial in the Town of James Island. There are two warehouse type building on the site that were built around 1973. One is approx. 6,900 SF and the other is approx. 3,960 SF. All tenants are currently month-to-month.
The site has two curb cuts on Folly Road. The 2018 traffic count in front of the Harris Teeter was 43,800 cars per day.

There are three month to month tenants in place. All three will either vacate at closing or remain in place on a month to month basis at the buyers choice. Melvin Bessinger's corporate office will pay $2,000 per month, Wag Factory pays $3,000 per month and Crescent Fitness pays $1,200 per month for a total of $6,200.00 per month.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 21 - James Island
Taxing Authority: Town of James Island
Tax ID/APN: 425-03-00-055
Zoning: CC - Community Commercial District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,778 42,953 114,297
Median Age: 36.36 36.54 36.16
Households: 2,704 19,427 50,024


Photograph of Listing Agent

Charles S Carmody

Photograph of Listing Agent

Ryan P Carmody

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