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MLS# 31002959 | Summerville Commercial Sales

$4,800,000 | N/A beds | N/A full baths | N/A half baths | 9,000 sqft

$4,800,000 No Recent Price Change
216 Myers Road
Summerville, SC 29486
  • $533.33Price per SqFt
  • 9,000SqFt
  • 52Days on Market
  • N/AZoning
  • 1993Year Built
  • OfficeUse
  • MLS# 31002959
  • Commercial Sales
  • Office
  • Active

  • Approx Time on Market1 month, 21 days
  • AreaGoose Creek / Moncks Corner - Hwy17a- Hwy52
  • CountyBerkeley
  • SubdivisionN/A

Overview

This two-unit, 9,000 SF office building is fully leased with a 5-year lease term for each unit and a current NOI of just below $235,000. There is a vacant acre on the east side of the existing building which has ample space for another similar building and therefore the ability to double the rental income on this property. It is located on a desirable, high traffic state road that connects 17-A and HWY 176. There is a new residential development adjacent to the property that is expected to hold ~220 rooftops with potentially ~200 more in second phase. Property is 5 min from booming Carnes Crossroads development. Building exterior completely renovated 2020 and interior was built to suit for each tenant at beginning of lease term. Zoned Rural and Neighborhood Commercial. Two active tenants, Acuity Dental-Orthodontics and Sky Bounty, have 5-year leases with option to renew (Suite A 1st renewal option in 2026 and Suite B renewal would be in 2028). Approximately 1 acre of buildable land included in listing. See attachment for conceptual design of additional building. Conceptual drawings are purely conceptual and have not been submitted for any approvals.


Building Info

Anchored:  No

Year Built:  1993

Financial

Garage / Parking

Parking Type:  Surface

Lot Info

County:  Berkeley

Land Size:  2.72

Misc

Class of Space:  Class A

Title:  216 Myers Road-Office and Additional Land

Offer Compensation

Property Info

Ceiling Height Maximum:  17.00

Second Property Subtype:  Office, Retail

Zoning:  Berkeley - RNC - Rural and Ne

Nearest Msa:  Charleston-North Charleston, SC

Property Type:  A

Original Price:  $4,800,000

Ceiling Height Minimum:  9.00

Property Use Type:  Business Park, Commercial, Investment, Medical/Dental, Mixed Use, Office, Recreational

Class Type:  Office

Sold Info

Sqft Info

Rentable Area:  9000

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Directions

From Dowtown Charleston, take I-26 W towards Columbia. Take exit 203 to College Park Road. In 3.3 miles, turn right onto Edgebrook Road. Follow the road only 0.3 miles and then turn onto Myers Road. In 0.6 miles, turn left into the parking lot.

Courtesy of listing office Carolina One Real Estate 

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On domicilecharleston.com since Wed, Mar 6th 2024
No Property History recorded for this listing.
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Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 04-27-2024 11:55 PM EST est.

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