5418-5420 Rivers Ave - Office/Residential FOR SALE


North Charleston, SC 29406
$1,575,000 USD
843-670-5727
5418-5420 Rivers Ave, North Charleston, SC for Sale
$1,575,000 USD
Office/Residential - FOR SALE
1/12
null | Request Cap Rate

5418-5420 Rivers Ave
North Charleston, SC 29406


HIGHLIGHTS

  • Partially Stabilized Retail / Office Strip Center
  • Over 100' of Frontage on Rivers
  • Centrally located in close proximity to I526/I26
  • Ideal for owner operator or investor

OVERVIEW

Charleston Commercial, on behalf of ownership, is pleased to exclusively offer 5418-5422 Rivers Ave to qualified Buyers. The offering is a retail strip center on the busy commercial corridor of Rivers Avenue in North Charleston. The property has over 100’ of frontage on Rivers Ave as well as prominent double height pylon signage. The building consists of four suites with two of the suites currently Leased to Charleston Injury & Rehab and Bad Boyz Bail Bonds, equating to 48% occupancy. The other two suites are newly renovated and in great condition for an owner occupant to stabilize or for an investor to lease up. The vacant suites (1,436 sf & 2,017 sf) offer flexible size ranges for an owner to stabilize the property as well as the opportunity for an owner to capitalize on Owner Operator financing by occupying 50% + of the property. The property is positioned along one of North Charleston’s busiest commercial corridors and located within a ½ mile of I-526/I-26 and 1.5 miles from both Park Circle and Charleston International Airport. This central location allows for efficient access to all parts of the Charleston MSA. Ownership has recently upgraded the property in recent years, including a new roof, HVAC’s, and complete renovation of Suite B. The opportunity allows for an investor to come in and lease up the balance, or for an operator to quickly stabilize the asset and enjoy the multi-tenant cash flow.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

B-2

APN/PARCEL ID

472-08-00-006

ASK ABOUT THIS PROPERTY

Joshua SchaapKW CommercialMore Info
843-670-5727

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

Joshua SchaapKW CommercialMore Info
843-670-5727

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