Mixed Use Opportunity on Spruill - Comm/Flex and Apartment Upstairs

Office for Sale
Catylist Listing ID: 30463050
Property Subtypes: Mixed Use, Flex Space, Office Building
Building Size (RSF): 3,600 SF
Gross Building Area: See Agent
Sale Price: $599,000
Unit Price: $166.39 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 9/6/2019

Overview / Comments

This immaculate Park Circle commercial space is available for wholesale and is smack dab in the middle of Park Circle's booming Commercial district! Beautifully renovated and comprised of the following 3,600 square feet, you will find this building move in ready and the perfect live, work, play scenario for any business owner or investor!
The Office Space is 1200 square feet completely tiled and in pristine condition. It offers a waiting room, reception area, two half bathrooms, three offices (two are large enough to be a conference room and/or break room.) and a storage area. The office space has its own entrance and also connects to the warehouse adjacent.

The adjacent warehouse is also 1200 square feet and offers two large bay doors, 240 electrical, is plumbed and completely trimmed out with siding, high ceilings and ample room for storage or work vehicles.

Upstairs there is a two bedroom one and a half bath 1200 square feet apartment. It it metered separately and move in ready.
This property also has a cash flowing billboard on site. The owner has stated that he believes the contract agreement for this sign is very old and up for renegotiation. There is also available signage specifically for the building. The adjacent vacant lot is included and available, zoned commercial and available to extend the warehouse or the parking spaces, as needed.

Water is metered together. Taxes for the building were $2162 and $482 for the lot.
Don't let this park circle gem slip through your fingers. Clear title search is available. Cash Buyers only. Must be able to close by August 25, 2019 via assignment of contract.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 470-08-00-050
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1996

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,776 40,071 109,170
Median Age: 35.01 34.14 34.9
Households: 2,919 14,867 43,738


Photograph of Listing Agent

Troy F Gandee

Maven Realty SCCMLS Member
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