2333 Ashley River Rd - Assisted Livings FOR SALE


Charleston, SC 29414- West Ashley
$6,500,000 USD
678-283-0136
2333 Ashley River Rd, Charleston, SC for Sale
$6,500,000 USD
Assisted Livings - FOR SALE
1/21
null | Request Cap Rate

2333 Ashley River Rd
Charleston, SC 29414
West Ashley


HIGHLIGHTS

  • Unmet Demand for Independent Living units in the Charleston PMA (10-mile radius) totals 466 units, growing to 875 units in 2030, an 81.3 % increase
  • Average Household Income (10-mile radius): $138,404 (Age 55-64), $115,590 (Age 65-74), and $92,775 (Age 75+)
  • Average Net Worth (10-mile radius): $1,874,357 (Age 55-64), $2,508,833 (Age 65-74), and $2,313,550 (Age 75+)
  • Average Home Values (10-mile radius): $616,239
  • CoStar South Carolina Sold Comps: $305.35/SF; subject property at $116.90/SF
  • Replacement Cost - 2025 Weitz Replacement Cost (Construction cost only without land, architect fees, FFE, Utility connections, etc.): $289/SF

OVERVIEW

AVAILABLE: 95 Unit Assisted Living & Memory Care Facility licensed for 123 beds. The facility is being sold vacant. Perfect conversion for Independent Living. Charleston: Geography and Population Charleston stands as South Carolina’s most populous city, strategically positioned along the state’s coastline where the Ashley, Cooper, and Wando rivers converge to form Charleston Harbor. As the county seat of Charleston County, it serves as the central hub for a rapidly growing metropolitan area that houses over 800,000 residents. Charleston’s Silicon Harbor A Tech and Academic Hub, Charleston’s transformation into “Silicon Harbor” is driven by a dense ecosystem of over 1,600 tech companies, anchored by global leaders and a burgeoning startup scene. Blackbaud, the world’s leading cloud software provider for social impact, serves as the region’s primary tech anchor with its global headquarters in the city. Other major players include Boeing South Carolina and Volvo, which integrate advanced aerospace and automotive engineering with sophisticated software development. The region also hosts significant operations for Booz Allen Hamilton and many others. This innovation is deeply intertwined with the city’s prestigious higher education institutions: The Citadel and the College of Charleston. These schools act as essential talent pipelines, specifically through joint master’s programs in computer and information sciences. PROPERTY HIGHLIGHTS • List Price: $6,500,000.00. Sold vacant as either Assisted Living or Independent Living • Building Size: ±55,602 SF • Site Size: ±4 AC • # of Units: 95 • Zoning: DR-4 (City of Charleston) Use as Independent Living by right | Behavioral/IDD requires Special Use Permit • CoStar South Carolina Sold Comps: $305.35/SF; subject property at $116.90/SF • 2025 Weitz Replacement Cost (Construction cost only): $289/SF • Parcel ID: 3540400006 Bull Realty SC License #: 13327

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Vacant Senior Living Facility | ±55,602 SF

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

DR-4

APN/PARCEL ID

354-04-00-006

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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