ONE-OF-A-KIND | MTP Commercial Building

Office for Sale
Also listed as Special Purpose
Catylist Listing ID: 30712853
Property Subtypes: High-Tech, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 7,368 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $2,385,000
Unit Price: $323.70 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2021

Overview / Comments

This property consists of an 0.48-acre parcel developed with an approximate 7,368sf wood post/beam construction flex/warehouse uniquely located in central Mt. Pleasant. It was constructed by Harry Hitopoulos within the commercial area of the North Point planned development in 1975.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 42 - Mt.Pleasant South of IOP Connector
Taxing Authority: City of Mt. Pleasant - Charleston County
Tax ID/APN: 532-11-00-160
Zoning: OP - Office Professional
Property Located Between: Coleman Boulevard and Ben Sawyer Causeway
Property Visibility: Good
Highway Access: The property is located approximately 400 feet north-northeast from the signalized Ben Sawyer Boulevard - Center Street Extension intersection. The property is visible from Ben Sawyer Boulevard.
Airports: CHS - Charleston International
Site Description: Fenced and gated; this 0.48-acre site is developed with a unique/signature post/beam wood construction. The first floor consist of approximately 4,612sf and the second floor consists of approximately 2,556sf. The allowable use of the second floor is 1,000sf, however, with the addition of a second means of egress, the use of the second floor can be maximized. There is approximately 1,476sf of covered covered porches/decks/storage areas. The building has a two-bay garage and three roll-up doors for loading into the warehouse area. The building is exterior is constructed with CMU blocks with a stucco finish. The exterior has has been recently painted. The building has a galvalume tin roof. There is 3-phase, 400 amp service to the building and a new 6-inch sewer line and 1-inch water line. The property is fenced with a large yard/parking area. Portions of the property are encumbered with utility easements. The flood panel for this property has recently been updated to reflect a Base Flood Elevation of 11 feet. Attached is an elevation certificate indicating the finish floor elevation of 11.6 feet.
Area Description: The property is located in close proximity to the prime commercial corridor of Ben Sawyer/Coleman Boulevards. It is visible form Ben Sawyer Boulevard which has a traffic count of approximately 23,100 vehicles per day. The area containing the subject site is developed with residential to the north and west, and commercial including offices, restaurants, grocery stores and general retail along Ben Sawyer Boulevard.
Number of Stories: 2
Year Built: 1982
Exterior Description: The exterior of the building is primarily constructed with CMU block that has been finished with stucco. The stucco finish has recently been painted. Other areas are constructed with brick and wood.
Parking Type: Surface
Parking Description: The yard has parking area that is laid with river stone.
Sprinklers: None
Heat Type: Electricity
Air Conditioning: Package Unit, Window Unit
Interior Description: The interior of the building is used as a woodworking shop and storage. The second floor is insulated with spray foam insulation along the roof and side walls.
Zoning Description: The property is zoned OP - Office Professional and is part of the North Point Planned Development District in the town of Mt. Pleasant. The current use is grand-fathered. The property will need to be re-zoned for any future use that is not allowed under the OP zoning. *Property is deed restricted from any restaurant and/or bar use*
Part of Planned Development?: Yes
Lot Frontage: 130
Lot Depth: 161
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities, Other
Easements Description: See attached survey.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,396 38,003 80,618
Median Age: 39.1 40.84 39.49
Households: 2,873 16,967 33,908
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