1101 Landfall Way

Office for Sale
Catylist Listing ID: 30365042
Property Subtypes: Executive Suites, High-Tech, Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 5,945 SF
Gross Building Area: See Agent
Sale Price: $1,999,000
Unit Price: $336.25 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: Lowcounty Executive Center
Class of Space: Class A
Sale Terms: Undisclosed
Cap Rate: 8.0%
Last Updated: 7/30/2020

Overview / Comments

Owner financing to be considered! 1101 Landfall Way is a fully renovated Class- A office building located on Seabrook Island. With all leases ending within a calendar year, this building presents itself as an owner/ operator opportunity, or as a sound investment property. (Current projections suggest an 8- Cap.) With the price to build a similar property nearing $500 PSF, the current offering price of $320 PSF boasts obvious value.

1101 Landfall Way sits on .74 acres and overlooks panoramic marsh views of Bohicket Creek. The property has 24 total parking places including 4 covered spots, 1 handicapped spot and a larger spot for an RV complete with electrical hook-ups. (Parking ratio of 4 spaces per 1,000 SF.)

The property shall be sold furnished complete with high- end, nearly new desks, chairs, projectors, LCD TV's conference phones, secure wireless internet and 9 real- time hi-def security cameras. The building also has an elevator with both electrical and hydraulic components, hurricane shutters on all windows and a nearly 300 SF back porch overlooking the marsh.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Tax ID/APN: 1490100084
Zoning: OTHER
Property Visibility: Good
Airports: (JZI) 10 Miles from Charleston Executive Airport
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2003
Year Renovated: 2017
Parking Ratio: 4 (per 1000 SF)
Parking Type: Structure, Surface
Total Parking Spaces: 24
Zoning Description: Zoned 'Commercial' per Seabrook Island.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 933 2,073 5,391
Median Age: 64.9 64.78 54.88
Households: 510 1,103 2,443


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.