1068 Clements Ferry Rd - Office FOR SALE


Charleston, SC 29492- North Daniel Island
$1,799,000 USD
843-460-8999
1068 Clements Ferry Rd, Charleston, SC for Sale
$1,799,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

1068 Clements Ferry Rd
Charleston, SC 29492
North Daniel Island


OVERVIEW

1068–1064 Clements Ferry Road presents a unique two-parcel investment opportunity totaling ±1.39 acres in a rapidly growing corridor in Mount Pleasant. Both parcels are zoned General Business (GB) and generate a combined gross annual income of approximately $163,800, offering diversified revenue streams through residential, retail, and boat storage uses. At the current list price of $1,800,000, the property delivers a strong in-place cap rate of ±6.8% on a pro forma 25% expense ratio, making it attractive to both cash-flow investors and long-term redevelopment buyers. The assemblage includes a smoke shop at 1068 Clements Ferry producing $73,800 annually, and a house with boat storage at 1064 Clements Ferry producing $90,000 annually. Positioned just north of a large retail development site. the property has excellent visibility and frontage, flexible GB zoning, and near-term income stability while offering significant long-term upside through redevelopment or re-tenanting.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$1,228 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,057 SF

ZONING

Commercial

APN/PARCEL ID

263-00-03-029

ASK ABOUT THIS PROPERTY

Mary Beth WichleiThree Real EstateMore Info
843-460-8999

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Mary Beth WichleiThree Real EstateMore Info
843-460-8999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.