GREAT B2 ZONING NNN INVESTMENT FOR SALE

Office for Sale
Also listed as Special Purpose, Retail-Commercial
Catylist Listing ID: 30800872
Property Subtypes: Business Park, Executive Suites, Coworking, Governmental, High-Tech, Institutional, Medical, Net Leased, Office Building
Building Size (RSF): 4,600 SF
Gross Land Area: 17,420 SF
Sale Price: $989,000
Unit Price: $215 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Class of Space: Class A
Usable Size (USF): 4,600 SF
Sale Terms: Cash to Seller
Cap Rate: 7.08%
Average Occupancy Rate: 100
Last Updated: 9/13/2022

Overview / Comments

FORMER MEDICAL USE. PRESENTLY (NOI $70,000) NNN INVESTMENT OFFICE BUILDING FOR SALE AT GREAT LOCATION OFF RIVERS AVENUE. THE BUILDING IS 4,600 SQUARE FEET OF OFFICE AND CURRENTLY BEING LEASED TO KIDDIE U CHILDCARE SINCE 5/1/2019 THROUGH 2026.
THIS OPPORTUNITY IS A NET LEASED INVESTMENT. RIVERS AVENUE AND OTRANTO BLVD IS A DESIRABLE LOCATION BECAUSE OF ITS CONVENIENCE TO HANAHAN, GOOSE CREEK AND NORTH CHARLESTON BUSINESS DISTRICTS. FLOOD ZONE X AND .40 ACREAGE.
SOLD AS IS WHERE IS.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Taxing Authority: North Charleston
Tax ID/APN: 485-00-00-016
Zoning: B-2 (NORTH CHARLESTON)
Property Located Between: Otranto and Rivers
Property Visibility: Excellent
Highway Access: RIVERS AVENUE
Airports: Charleston International Airport 5.6 MILES
Site Description: REINFORCED CONCRETE BUILDING
Area Description: BUSINESS PARK AREA, BUSLINE, SIGNAGE
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,600 SF
Year Built: 1973
Year Renovated: 2019
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 5.87/1000 SF
Total Parking Spaces: 27
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Interior Description: UPDATED
Zoning Description: GENERAL BUSINESS B-2
Lot Frontage: 121
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,117 62,187 151,310
Median Age: 31.96 32.34 32.48
Households: 7,079 23,519 55,500
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