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MLS# 31002116 | Summerville Commercial Sales

$6,250,000 | N/A beds | N/A full baths | N/A half baths | 81,000 sqft

$6,250,000 Increase +$6,249,999
10650 Dorchester Road
Summerville, SC 29485
  • $77.16Price per SqFt
  • 81,000SqFt
  • 176Days on Market
  • N/AZoning
  • 1980Year Built
  • RetailUse
  • MLS# 31002116
  • Commercial Sales
  • Retail
  • Active

  • Approx Time on Market5 months, 24 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 

Mortgage Calculator

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Price & Status History (on domicilecharleston.com since Thu, Nov 2nd 2023)
  • Original Price: $1
  • Current Price: $6,250,000
  • Price Increased: $6,249,999
Date ChangedFromTo
02/16/2024$1 $6,250,000 Increase by $6,249,999
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-27-2024 10:28 AM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 04-27-2024 10:28 AM EST est.

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