Highly Visible Medical/Office Building for Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30192897
Property Subtypes: Free-Standing Building, Mixed Use, General
Status: Pending/Contingent
Building Size (RSF): 4,600 SF
Gross Land Area: 0.40 Acres
Sale Price: $489,000
Unit Price: $106.30 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Charleston Neck & Back Center
Sale Terms: Cash to Seller, Other
Cap Rate: 11.0%
Last Updated: 3/16/2018

Overview / Comments

Single story medical office building in very good condition. Regularly maintained with 27 parking spaces. Suite A is 3,642 sq ft and currently vacant. Suite B is currently occupied with 958 SF and the tenant would prefer to remain in place with the new owner. Both suites can be combined if needed. Centrally located with easy access to traffic light off Rivers Ave.

DIRECTIONS: located at a lighted intersection half a block from the corner of Rivers and Otranto Blvd at the entrance Otranto neighborhood.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Taxing Authority: Charleston County
Tax ID/APN: 485-00-00-016
Zoning: GB - General Business
Retail Clientele: General, Business
Largest Nearby Street: Rivers Ave
Highway Access: Less than a mile to I-26
Site Description: Across the street from Stokes Honda North and next to Shell Gas Station.
Area Description: Major shopping area off Rivers Ave near University and I -26. Close to Charleston Southern, Northwoods Mall and Trident Hospital.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1973
Year Renovated: 1990
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Surface
Total Parking Spaces: 27
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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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