11382 N Jacob Smart Blvd - Storefront Retail/Office FOR SALE


Ridgeland, SC 29936
$750,000 USD
843-338-1799
11382 N Jacob Smart Blvd, Ridgeland, SC for Sale
$750,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | 5.97% Cap Rate

11382 N Jacob Smart Blvd
Ridgeland, SC 29936


HIGHLIGHTS

  • 5,000 SF Income Producing Building on .773 Acres
  • High Growth Market
  • Good Visibility
  • Dedicated Parking and Prominent Signage
  • Below Mkt Rents - Upside Potential

OVERVIEW

Well maintained 5,000 sf retail/ofce building on .773 acres fronting Jacob Smart Boulevard in downtown Ridgeland. The building is congured with two 2,500 sf units. The front space is leased through 9/30/28, to a full service restaurant with a large covered patio. The second unit is occupied by a therapy group on a MTM lease. Both tenants are interested in remaining at the property. Adjacent properties include a daycare facility, a very busy medical center and the contiguous 2.53 acre parcel recently approved for 13 new homes. Ideal for an investor looking for upside potential in a high growth market or someone that would like to own their own ofce and have additional space to generate income. Located on Highway 17 / Jacob Smart Blvd in downtown Ridgeland. Ridgeland is in Jasper County, the fastest growing county in the state, with unprecedented growth and an explosion of interest from national retailers. There are currently thousands of new homes and developments approved and the airport has significantly expanded its runway and fueling capabilities. Ridgeland is home to the Congaree Golf Club, named by Golf Digest as "the best course built this decade", and home of the PGA Tour’s CJ Cup 2022 and 2023. Additionally, South Carolina has recently approved expansion of Exit 21 to (6) six lanes and beautification of the off ramp. Ridgeland is the retail center for the surrounding communities including Estill, Tillman, Garnett and more. 2024 demographics confirm a population of approximately 73,000 residents with annual household incomes exceeding $99,000 within a 15 mile radius.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

5.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.24 AC

LAND SF

140,971 SF

ZONING

T4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Vonnie MajewskiVM | Real EstateMore Info
843-338-1799

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Vonnie MajewskiVM | Real EstateMore Info
843-338-1799

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