Uptown Summervile–Stand-Alone Office Building

Office for Sale
Catylist Listing ID: 30184254
Property Subtypes: Executive Suites, Governmental, Institutional, Medical, Mixed Use, Office Building
Building Size (RSF): 2,377 SF
Sale Price: $448,000
Unit Price: $188.47 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: 315 N Magnolia St
Class of Space: Class A
Usable Size (USF): 2,377 SF
Sale Terms: Undisclosed, Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: 1.0%
Average Occupancy Rate: 100
Last Updated: 1/25/2018

Overview / Comments

Zoned GC-General Commercial–-CONVENIENT LOCATION...STRONG BRAND IDENTITY SPOT...Current Farm Bureau Insurance Company tenant is relocating to a much larger building elsewhere...(Hey, insurance agents...take advantage of long-term insurance customer traffic to this location !)
Versatile uses possible: (Office Only...Residence Only)...or:
Floor plan would allow easy conversion to duplex with minor change in wall/partitions...(Front entrance on North Magnolia Street...Separate door entrance on East 3rd North Street...Use your imagination.)
(Office on one side, residence on the other side)...
(or office one side, rent office on the other side...etc)...
Hot traffic location on East 3rd North Street, which is a unique connecting throroughfare between North Main Street and Berlin Myers Parkway...one block off North Main Street...Two blocks off Hwy 78...One block from Summerville postoffice on North Gum Street...Beautiful Historic mansion ambience, but NO historic district regulations...New roof...Mint condition remodeling completed recently...

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 63 - Summerville/Ridgeville Area
Taxing Authority: Dorchester County SC--Treasurer
Tax ID/APN: 137-07-21-012
Zoning: CG - General Commercial District
Property Located Between: One block from Berlin Myers Lumber Co. & Summerville Post Office
Property Visibility: Excellent
Highway Access: U.S. Interstate...I-26....State Hwy 78
Airports: Charleston SC International (CHS)
Site Description: Located in the uptown (central) business district of the Town of Summerville, SC 29483.
Area Description: Property is surrounding by a predominant mixture of all types of business and professional offices...Modern new buildings and several large historic architectural houses converted to business and professional....banks...restaurants...drug stores...Town Administration Bldg...etc...
Total Number of Buildings: 1
Number of Stories: 15
Typical SF / Floor: 2,377 SF
Year Built: 1886
Year Renovated: 2013
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: Off-street...front access from North Magnolia Street...Side access from East 3rd North Street...(Building could easily be adapted to be occupied as a duplex.)
Total Parking Spaces: 20
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Satellite
Zoning Description: General Business...(Maximum)
Water Service: Municipal
Sewer Type: Municipal
Easements Description: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,373 48,615 120,564
Median Age: 40.57 36.81 34.87
Households: 2,543 18,315 44,720


Photograph of Listing Agent

Thomas B Toney

Thomas B Toney SCCMLS Member
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