5075 Dorchester Rd - Freestanding FOR SALE
North Charleston, SC 29418 |
$1,095,000 USD
864-766-4451
5075 Dorchester Rd
North Charleston, SC 29418
HIGHLIGHTS
- The current owner renovated the property spring of 2023, putting significant investment into a new roof, new HVAC systems, wiring, and plumbing.
- Riverfront Master Development plan in the works along the Cooper River continues to drive interest in the North Charleston investment market.
- This June, Charleston-North Charleston (SC) ranked first in the fastest-growing metro economies according to the Bureau of Labor Statistics
- High Growth Corridor: This property is located within a half-mile to Greystar’s new 336-unit multifamily development.
- Priced at an attractive cap rate of 10.13%, this investment allows for a potential new owner to have a healthy spread in today’s high interest rate
- This could be especially attractive to investors who are looking for a short-term investment with a high return.
FOR SALE DETAILS
PRICE
$1,095,000 USD
PRICE/SF
$178 USD /SF
CAP RATE
9.66%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STRIP CENTER
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
0.69 AC
LAND SF
30,056 SF
ZONING
Commercial
APN/PARCEL ID
408-15-00-073
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
864-766-4451
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
864-766-4451
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
