Convenience Store/Laundromat and Gas Station on 17A just east of I26

Retail-Commercial for Sale
Catylist Listing ID: 30185179
Property Subtypes: Convenience Store, Service Station/Gas Station, Other
Building Size (RSF): 2,864 SF
Gross Building Area: See Agent
Gross Land Area: 0.47 Acres
Sale Price: $2,999,900
Unit Price: $1,047 PSF
Property Use Type: Business
Building Name: Oasis One Stop
Usable Size (USF): 2,344 SF
Core Factor: 35%
Sale Terms: Cash to Seller
Cap Rate: 42.0%
Last Updated: 4/16/2018

Overview / Comments

Please note! The building has been completely repainted inside and out two weeks ago! The owner is willing to sit down and discuss the financials with any seriously interested party. Bring all reasonable offers! This property is located in an extremely high traffic area and the owner sees new customers coming in daily! This convenience store/laundromat and gas station has direct frontage on Highway 17A with a 2016 traffic flow of 31,400 vehicles per day! This business is in very close proximity to the new under construction Nexton Community. Behind this business is a new 18 store strip mall not even open yet. The growth of new home construction in this area is just off the chart and growing every day! The gas station has three dual dispensing pumps utilizing Marathon Brand gasoline's and the owner is very happy with Marathon! The store has a 7 day beer license, SC Lottery machine, ATM machine, walk-in cooler with 8 retail doors, separate food/condiment islands. The passport register was updated in 2017. There are four in ground storage fuel tanks. One 6,000 gallon for premium, two 8,000 gallon for regular and one 2,000 gallon for K1. Also, this is the only Southeastern Stages Inc., Motor Coach pickup/drop off site in Summerville which the property owner receives a monthly check from! The lucrative laundromat has 24 mainly Dexter Brand Commercial washing machines and 10 Dexter stack dryers, includes dollar changers and folding/sit down restaurant style tables. There are a total of 20 regular parking spaces and 2 handicapped. This business can only do one thing, grow every year! Owner says the place can pay for itself in 5 years!

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Taxing Authority: Berkeley County
Tax ID/APN: 2221306005
Zoning: CG - General Commercial District
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: I26 & 176
Property Visibility: Excellent
Largest Nearby Street: 176
Feet of Frontage: 359
Traffic/Vehicle Count: 31,400
Highway Access: This store is located approximately 1.68 miles east of I26.
Airports: Charleston International
Site Description: Level corner lot with excellent visibility
Area Description: A bee hive of activity from extensive new home construction to new commercial enterprises. One of the hottest areas in Berkely County!
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1988
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: The exterior is a combination of block and brick.
Total Parking Spaces: 22
Parking Type: Surface
Parking Description: 20 regular parking places and 2 handicapped
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: DSL
Interior Description: Interior is very clean and well kept
Zoning Description: General Commercial
Lot Frontage: 359
Lot Depth: 146
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Unknown
Land Ownership: Owned
Legal Description: Extensive legal description, note attached Plat for this specific property

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,290 42,044 110,188
Median Age: 32.86 33.76 35.4
Households: 2,926 15,179 40,767


Photograph of Listing Agent

Raymond E Strzalkowski

Century 21 Properties Plus SCCMLS Member
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