Listed by Charleston Commercial
$1,570,000
5418-5422 Rivers Avenue
Details
APN 4720800006
Property Type Retail
Sub Type Shopping Center, Neighborhood Center
Square Footage 7,000
Units 4
Cap Rate 7.00%
Occupancy 50%
Tenancy Multi
Lease Type NNN
Price per SqFt $225
Class B
Year Built 1970
Year Renovated 2025
Buildings 1
Stories 1
Zoning City of North Charleston - B-2 - General Business District
Investment Type Owner/User
Ground Lease No
Retail / Office Strip Center on Rivers Ave
Marketing description
Charleston Commercial, on behalf of ownership, is pleased to exclusively offer 5418-5422 Rivers Ave to qualified Buyers. The offering is a retail strip center on the busy commercial corridor of Rivers Avenue in North Charleston. The property has over 100' of frontage on Rivers Ave as well as prominent double height pylon signage. The building consists of four suites with two of the suites currently Leased to Charleston Injury & Rehab and Bad Boyz Bail Bonds, equating to 48% occupancy. The other two suites are newly renovated and in great condition for an owner occupant to stabilize or for an investor to lease up. The vacant suites (1,436 sf & 2,017 sf) offer flexible size ranges for an owner to stabilize the property as well as the opportunity for an owner to capitalize on Owner Operator financing by occupying 50% + of the property. The property is positioned along one of North Charleston's busiest commercial corridors and located within a 1/2 mile of I-526/I-26 and 1.5 miles from both Park Circle and Charleston International Airport. This central location allows for efficient access to all parts of the Charleston MSA. Ownership has recently upgraded the property in recent years, including a new roof, HVAC's, and complete renovation of Suite B. The opportunity allows for an investor to come in and lease up the balance, or for an operator to quickly stabilize the asset and enjoy the multi-tenant cash flow.
Investment highlights
Strip Center on Rivers with great exposure, signage and access to I-26/526. Perfect for an owner operator looking for 1,500 - 3,500sf or a value add investor. Both vacant suites have been fully renovated, as well as new roof and HVAC systems.
Listing Contacts
Listed by Charleston Commercial
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