Viewing Listing MLS# 31002116
Summerville, SC 29485
- $77.16Price per SqFt
- 81,000SqFt
- 178Days on Market
- N/AZoning
- 1980Year Built
- RetailUse
- MLS# 31002116
- Commercial Sales
- Retail
- Active
- Approx Time on Market5 months, 26 days
- Area63 - Summerville/ridgeville
- CountyDorchester
- SubdivisionN/A
Overview
10650-10656 Dorchester Road features a portfolio of income-producing assets with significant value-add opportunity. Located in Summerville, SC, the property sits in a high traffic area with a VPD of 24,000.A key highlight is the fully-leased retail/flex building, featuring a national credit tenant (Do It Best Hardware). With stable cash flow already in place, a new owner can seamlessly implement redevelopment plans while enjoying immediate financial stability.Situated on approximately 9.65 acres of Commercial General (CG) zoned land in rapidly growing Dorchester County, this property presents endless possibilities for developers. The market has seen a surge of new retailers and housing, with Lennar Homes planning over 1,200 homes within a 5-mile radius.The full site features a 40,000 SF national retailer, 38 mobile homes and 3 single family houses. The retail property highlighted in blue is on a long term lease. The housing sites, highlighted in red, are all on month to month leases.The properties can be sold separately:''Do It Best'' Hardware Store - $3,296,000 (6.25% Cap Rate)Mobile Homes & SFR - $2,954,000Investment Highlights:9.65 ACCommercial General (CG) Zoned40,000 SF National Retailer38 mobile homes3 single family housesVehicle Per Day 24,000Assets can be sold separately
Building Info
Anchored: Yes
Year Built: 1980
Financial
Garage / Parking
Lot Info
County: Dorchester
Land Size: 9.65
Misc
Title: 10650-10656 Dorchester Road | Mixed-Use Development
Offer Compensation
Property Info
Second Property Subtype: Industrial, Multi Family, Retail
Zoning: Dorchester - CG - General Com
Nearest Msa: Charleston-North Charleston, SC
Property Type: A
Original Price: $1
Property Use Type: Commercial, Investment, Manufactured Home, Mixed Use, Mobile Home Park, Other, Parking, Residential, Retail, Single Family, Warehouse
Class Type: Retail
Sold Info
Sqft Info
Rentable Area: 81000
Unit Info
Utilities / Hvac
Courtesy of listing office Lee & Associates - Charleston