10 S Morgan Ave - Storefront Retail/Office FOR SALE
Andrews, SC 29510 |
$475,000 USD
404-207-1171
10 S Morgan Ave
Andrews, SC 29510
HIGHLIGHTS
- 10 S Morgan Ave is a multi-tenant commercial property totaling ~11,340 SF. Originally constructed in 1950 and renovated in 2004.
- The property is divided into 7 units, with 1 currently vacant, resulting in ~87% occupancy. The available suite spans ~1,200 SF.
- Situated on a 0.75-acre parcel, the asset includes ~30 surface parking spaces & is zoned commercial (NEC). The layout allows for flexible tenant use.
- Located in Andrews, South Carolina, within Georgetown County, the property benefits from connectivity to key regional markets, including Georgetown.
- With in-place tenancy providing stable income and clear opportunities to increase occupancy and optimize rents.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the Morgan Avenue Commons at 10 S Morgan Avenue in Andrews, SC. This multi-tenant retail asset presents a compelling value-add opportunity through lease-up of existing vacancy and completion of a partially unfinished unit, allowing for meaningful NOI growth. With a functional layout, strong accessibility, and proximity to key regional markets, the property is well-positioned for investors to enhance performance through strategic leasing and repositioning.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
FOR SALE DETAILS
PRICE
$475,000 USD
PRICE/SF
$42 USD /SF
CAP RATE
11.67%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Morgan Avenue Commons - Andrews, SC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront Retail/Office, Supermarket, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,670 SF
ZONING
-
APN/PARCEL ID
06-0007-010-00-00,06-0007-011-00-00,06-0007-012-00-00,06-0007-013-00-00,06-0007-014-00-00,06-0007-015-00-00
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404-207-1171
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