Listed by NAI Charleston
$2,550,000
3265 N Carolina Avenue
Details
APN 4691200041
Property Type Office
Sub Type Traditional Office, Other
Occupancy 100%
Class B
Year Built 1970
Year Renovated 2020
Stories 3
Acreage 0.19 - 0.62
Zoning City of North Charleston - B-2 - General Business District
Office
Marketing description
Renovated North Charleston office property. 3265 N Carolina Ave is ideal for an owner-occupant seeking additional income and/or an opportunistic investor seeking to capitalize on a value priced office building.Master Leaseback Guarantee: To provide added investor confidence, the Seller is prepared to negotiate a master leaseback on any remaining vacant suites for a period of up to one (1) year, ensuring the acquisition of a fully stabilized, income-producing asset from day one. Up to +/-3,503 SF of vacant office space presents a move-in option for the owner-occupant with offsetting existing rental income, or a rare, value-add opportunity for the savvy investor.
Investment highlights
- Two-story office building
- Occupancy: 75% Occupied - 5 tenants
- Tenants: Five office tenants
- Available SF: Up to ±3,503 SF
- Year Built: 1970 & renovated in 2020
- Total Size: ±14,278 SF on ±0.62 AC
- Construction: Masonry
- Flood Zone: X (minimal flood hazard)
- Zoning: B-2 (General Business District); City of North Charleston)
- Owner-Occupant, Opportunistic Investor, or 1031 Exchange: Up to ±3,503 SF of vacant office space presents a move-in option for the owner-occupant with offsetting existing rental income, or a rare, value-add opportunity for the savvy investor.
- Recent Renovations and Tenant Improvements: Both properties have been significantly improved in recent years.
- Income in Place: 3265 N Carolina Ave - approximately 75% leased (office) & 1813 Reynolds Ave - 100% leased (retail)
- Transformational Area: Located in the rapidly transforming Reynolds Avenue district of North Charleston
Listing Contacts
Listed by NAI Charleston
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