219 S Cedar St - Storefront Retail/Office FOR SALE


Summerville, SC 29483
$2,995,000 USD
843-270-0737
219 S Cedar St, Summerville, SC for Sale
$2,995,000 USD
Storefront Retail/Office - FOR SALE
1/65
null | 4.53% Cap Rate

219 S Cedar St
Summerville, SC 29483


HIGHLIGHTS

  • growing commercial and residential development in Summerville, including the exciting Bonaire Park project, this property is poised for both immediate

OVERVIEW

Azalea Bar & Garden/Champagne Bar (Tenant) – Located on the first floor of 219 S Cedar Street and 217 S Cedar Street, under a 10-year NNN lease with (1) 5-year renewal options. Azalea Bar offers a curated experience with craft cocktails, specialty wines, local craft beers, and a menu featuring Southern favorites. This tenant’s reputation for quality and its strong lease provide stability for your investment. Airbnb Income – Two fully furnished apartments located above 219 S Cedar Street. These short-term rental units are popular and frequently booked: o Front Unit: Studio-style apartment with a king-size bed, queen Murphy bed, kitchenette, and full bathroom. o Back Unit: Features a full kitchen, sitting area, king-size bedroom, walk-in closet, and full bathroom. The back unit also has access to a second-story patio with the potential to expand into a rooftop patio—support beams are already in place for further development. This property offers a unique combination of a stable, income-generating tenant with Azalea Bar & Garden/ Champagne bar, and a highly profitable short-term rental program. With the growing commercial and residential development in Summerville, including the exciting Bonaire Park project, this property is poised for both immediate returns and long term appreciation. 217 & 219 S Cedar Street is a rare opportunity for investors seeking strong income streams and future growth potential.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$1,137 USD /SF

CAP RATE

4.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,712 SF

ZONING

GB

APN/PARCEL ID

137-07-05-007

ASK ABOUT THIS PROPERTY

Christina SineathNextHome The Agency GroupMore Info
843-270-0737

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Christina SineathNextHome The Agency GroupMore Info
843-270-0737

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