Maybank Hwy Retail/Land for Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30798514
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 11,218 SF
Gross Building Area: See Agent
Gross Land Area: 0.74 Acres
Sale Price: $1,750,000
Unit Price: $156 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2022

Overview / Comments

This site is Prime Real Estate on the main corridor of Maybank Highway in James Island.

There are four (4) existing buildings onsite, totaling 11,218 square feet. The improvements include seven (7) separate units, including upstairs apartments and/or offices, and a 1,107 square foot warehouse. The monthly rents total $5,570. There are two tenants in the brick ranch duplex including an office user and hair salon. The animal hospital is currently leased but could be delivered vacant. The remaining four (4) units are currently vacant. This is an excellent opportunity for an owner-occupant to redevelop the property or renovate and grow the rental income.

The property has excellent visibility from Maybank Highway. Possibilities include as quick service restaurant (QSR), mixed use facility, office suites, and service providers. The site is down the street from the Terrace Theatre, Maybank Public House, Millers All Day (coming soon) the Charleston Pour House, Azul Mexicano, Charleston Sports Pub and the Charleston Municipal Golf Course.

The location offers prime exposure to the large volume of traffic (est. 30,000 VPD and growing) coming in from Johns Island, Kiawah Island, and Seabrook Island, as well as servicing the Riverland Terrace, Riverland Drive, Woodland Shores and other neighborhoods of James Island.

3,503 1917 front building 1st floor (animal hospital)
1,271 1917 B – 2nd floor (2 bedroom apartment or office space)
1,673 1919 first floor (stucco bldg)
1,673 1919 second floor
995 1925 A (left side of brick ranch)
998 1925 B (right side of brick ranch)
1,107 1915 - warehouse

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 21 - James Island
Tax ID/APN: 3430400049
Zoning: GB - General Business
Retail Clientele: General, Family, Tourist, Recreation, Convention
Property Located Between: Folly Road and River Road
Property Visibility: Excellent
Largest Nearby Street: Folly Road
Traffic/Vehicle Count: 30,000
Airports: Charleston International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Property Condition: Average
Year Built: 1950
Parking Type: Surface
Zoning Description: Zoned within the City of Charleston (GB) with Short term overlay The General Business, GB District allows a broad range of commercial uses and activities. It is the most intensive commercial zoning district. Zoning Overy Layers Residential Short Term Rental Category - view description - SR CAT 3 A residential short term rental use may be permitted as a Category 1, Category 2, or Category 3 STR Permit, if the zoning administrator determines the STR to be an accessory use to the principal residential use on a property which satisfies the requirements of Section 54-208.1, 54-208.2, or 54-208.3, as applicable, and issues a permit for such STR use.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,302 65,139 126,092
Median Age: 38.83 33.13 35.93
Households: 2,471 27,629 54,404

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