309 & 311 W 4th North St. 2, Summerville, SC 29483

Commercial property for lease

• Description
• Rare opportunity to own a duplex in the heart of Old Summerville! Up until now this property has been used as a residential duplex, but it is zoned COMMERCIAL - B1 District and would be an ideal location and floor plan for an office. However residential use is also permitted in the B-1 zoning district. There are a lot of possibilities and potential for this property! The unit on the right side (#309) is approximately 1020 square feet. Coming in the front door, there is a living room which would make a nice front office/reception area. There is a separate bedroom/office room up front to the right of the living room/reception area. Plus there is a larger sunroom/office/conference room addition on the back with lots of windows that allow for an abundance of natural light. There is also a full kitchen with a designated dining area that would be perfect for a break area. The unit on the left side (#311) is approximately 784 square feet. Coming into the front door on this one is a living room which would also make a nice front office/reception area. To the left there are an additional 2 bedrooms/office spaces with a bathroom in between. This unit also has a full kitchen and dining area that would make a nice break area. This area also opens to a screen porch overlooking the additional parking in back yard. There is a total of approximately 1804 square feet for both units combined. Each unit has a reception a front reception area with two separate office spaces plus a break room. A copy of the floor plan is available. There is mostly hardwood flooring in both units. Additional parking in the rear is privacy-fenced enclosed and should be adequate depending on a buyers intended use for the property. Plus there is a useful separate storage building on the back right corner of the lot. Please note: This property has never been leased as an office space so the Cap Rate of approximately 7.5% on this property is projected and estimated using a rental rate of $18 per square foot and estimated operating expenses for taxes and insurance only. Actual Cap Rate will vary depending on actual rental rate and actual operating expenses. Building price details: $365,000.
• Contact info
• Victor Barley

  Barley Real Estate
• Note

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