Commercial Building Westside Peninsula

Retail-Commercial for Sale
Catylist Listing ID: 30230361
Property Subtypes: Free-Standing Building
Building Size (RSF): 854 SF
Gross Building Area: See Agent
Sale Price: $295,000 - 239,000
Unit Price: $279.86 - 345.43 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2018

Overview / Comments

Rare neighborhood commercial building available. 850sft commercial building – block construction with wood frame roof. Perfect walking distance to MUSC, shops, restaurants. Proximate to new WestEdge development corridor, which is a joint venture between MUSC and City of Charleston bringing hundreds of residents as well as significant commercial development, all with a walkable open ambience, to the area. Excellent opportunity for small business owner, interested in owning real estate rather than renting. While this building will require full renovation and is being sold strictly as-is, the possibilities and opportunity to own in a location with excellent visibility and in close proximity to significant development, makes this a great opportunity for the right buyer.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 4601101111
Zoning: GB - General Business
Retail Clientele: General, Business
Property Located Between: North of Septima Clark (crosstown) by half-block
Property Visibility: Good
Largest Nearby Street: Crosstown
Feet of Frontage: 17
Highway Access: Located within 1/2 block of the Crosstown (Septima Clark), walking distance to MUSC, Roper, VA hospitals, proximate to new WestEdge Development which includes mixed commercial/residential.
Site Description: Building measures approximately 850sft. Space on side for trashcan, recycling, possible pedestrian side door entrance (not present currently)
Area Description: Mixed commercial and residential. Adjacent to corner convenience store and multifamily housing.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 850 SF
Property Condition: Poor
Year Built: 1950
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block exterior
Parking Description: Street Parking
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Interior Description: Vacant, unfinished, requires total renovation
Zoning Description: General Business Zoning
In Flood Plain?: Yes
Lot Frontage: 17
Lot Depth: 63
Water Service: Municipal
Sewer Type: Municipal
Easements Description: unknown
Land Ownership: Fee Simple Ownership
Legal Description: Pt Lt 26

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,349 60,900 140,913
Median Age: 27.9 34.92 36.13
Households: 9,517 25,795 59,290


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