7667 Dorchester Rd, North Charleston, SC 29418
Commercial property for lease
- Description
- Nice small neighborhood retail center which has 7 units of 1,250 square feet each.5 units are leased with 2 units vacant and ready for your lease up.Owner installed a new roof in 2015.HVAC replacements: Unit 1: replaced one 4 ton hvac unit during July 2015.Units 2 & 3: replaced two 4 ton hvac units during February 2016.Typical bay size is 25' wide by 50' deep.The cap rate using 2016 actual P&L numbers with an actual 28.5% vacancy was 6.73%.If you lease up the two vacant units at our current market rent of $1,350 per month per unit, the projected cap rate would increase to almost 10%. Building price details: $985,000.
- Exterior Features
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Parking Type: Surface - Contact info
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Jim D RobertsonStrategic Real Estate Advisors
- Note
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- Property Details
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Property Type: Commercial (Other) Status: Available Lot Size: 0.780 Acres Number of Stories: 1 Year Built: 1973 Year Renovated: 2015 Submarket: Community Center, Neighborhood Center, Strip Center MSA: Charleston-North Charleston Buildings: 1 Construction: Block Terms: Cash to Seller Added: 12/07/2017