Cherokee Plaza

Shopping Center for Sale
Catylist Listing ID: 30459139
Property Subtypes: Community Center, Neighborhood Center, Strip Center
Building Size (RSF): 12,933 SF
Gross Building Area: See Agent
Sale Price: $2,275,000
Unit Price: $175.91 PSF
Property Use Type: Investment
Building Name: Cherokee Plaza
Sale Terms: Cash to Seller
Cap Rate: 6.96%
Last Updated: 8/20/2019

Overview / Comments

Nice neighborhood strip center at hard traffic light intersection corner of Savannah Highway and Savage Road.

High barriers to market entry, with great visibility and heavy traffic volume of 50,000 vehicles at the intersection daily.

Priced very well with well below market rents allowing for new owner to increase cash flow over time to enhance its investment return.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 12 - W.Ashley outside I-526 to Rantowles
Taxing Authority: Charleston County
Tax ID/APN: 310-03-00-008 and 310-03-00-076
Year Built: 1960

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,396 49,376 110,980
Median Age: 36.33 37.05 36.39
Households: 3,433 22,618 46,964
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