Commercial Office Building

Office for Sale
Catylist Listing ID: 30810978
Property Subtypes: Office Building
Building Size (RSF): 2,765 SF
Gross Building Area: See Agent
Sale Price: $2,525,000
Unit Price: $913.20 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 3.0%
Last Updated: 7/20/2022

Overview / Comments

Unique opportunity to buy two (2) connecting properties located on James Island between Harbor View Road and James Island Express Way. TMS #424-09-00-087 is a very well established location on a "Hard Corner" with excellent signage on Folly Road. Marque sign is currently approved for a Message Board (Buyer to verify). This commercial building consists of 2,765 square feet on .7 acres. This property could easily be broken into 3 suites. Currently with 22 parking spaces. Property is ideal for Re-development and is located across from Merchants Village Shopping Center. Office building is currently leased through 12/21/2023. Income Ledger will be made available when an offer is received.

TMS #424-09-00-109 property consists of several buildings. A 1,715 square feet home with 3 bedrooms, 2 baths and partially renovated with Gourmet Kitchen. Two large storage buildings and a fenced yard. The second large building consists of a 800 square foot mother-in-law suite (apartment) over a three (3) car garage. Rental income from this property is currently $4,045 per month.

Seller will consider offers on properties separately. Lease on Commercial Office building is under Market Value.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 21 - James Island
Tax ID/APN: 424-09-00-087
Year Built: 1959
Total Parking Spaces: 22
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,874 63,076 120,239
Median Age: 33.4 33.97 36.33
Households: 2,920 26,626 52,133


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