5515 Rivers Ave - Warehouse FOR SALE


North Charleston, SC 29406
$3,125,000 USD
843-822-4311
5515 Rivers Ave, North Charleston, SC for Sale
$3,125,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

5515 Rivers Ave
North Charleston, SC 29406


OVERVIEW

Imagine owning a strategic development site in one of North Charleston’s most industrially capable corridors, just moments from I-526 and I-26. This property—comprised of a 2,400 SF existing building plus multiple adjacent parcels totaling ~1.61 acres—is already zoned M-1 (Light Industrial) and poised for transformational upside. 1. Zoning Power & Flexibility The M-1 (light industrial) zoning grants broad latitude for industrial, warehousing, logistics, and storage-based uses—the kinds of operations that generate revenue per square foot and remain relatively low risk from a site operations standpoint. Because the property also carries B-2 / office-warehouse compatibility, there’s added flexibility for hybrid uses (office + light manufacturing or distribution) or attractive interim cash flow options. In many markets, self-storage (especially climate-controlled units, drive-up units, RV/boat storage) is considered a “clean,” low-maintenance asset class—i.e. a highly compatible use in industrial zones with minimal nuisance or heavy traffic impact. 2. Self-Storage: Highest & Best Use Case Given its zoning, footprint, and frontage, the property is ideally suited for a self-storage development. Self-storage commands strong demand from residential renters, small businesses, and e-commerce operators. It scales well (stacked units, multiple stories) and is capital-efficient relative to heavier industrial uses. The corridor location gives it visibility, access, and ease of use—key competitive advantages for a storage facility. Because self-storage is relatively passive (no heavy operational complexity, smaller staffing, limited waste streams), it often delivers attractive risk-adjusted returns. Should local codes or permitting require conditional use approval or design compliance (e.g. buffering, façade treatments), these are typically manageable relative to building a more intensive industrial use. (Always confirm with City zoning / planning.) 3. Strategic Location & Market Access Fronting Rivers Avenue, this site benefits from a major arterial route with high visibility and connectivity to the region’s transportation network. Near I-526 and I-26 junctions means fast access to Charleston, North Charleston, Mt. Pleasant, Summerville, and key industrial nodes. Given scarcity of well-zoned industrial parcels in the greater Charleston metro, this site presents a rare entry into a constrained supply set. It’s proximate to both consumer and business density: residential areas, light industrial districts, and commercial corridors converge, generating demand for convenient storage.

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$1,302 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1.61

LAND SF

70,132

ZONING

M1

APN/PARCEL ID

472-07-00-050,472-07-00-051,472-07-00-052,472-07-00-053,472-07-00-054,472-07-00-071

ASK ABOUT THIS PROPERTY

James DingleColdwell Banker Commercial AtlanticMore Info
843-822-4311

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James DingleColdwell Banker Commercial AtlanticMore Info
843-822-4311

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