Overview
- Updated On:
- June 28, 2023
Description
- 100% Occupied Multitenant Retail Strip Located in the Charleston MSA
- Prime Value Add Opportunity by Raising Rents to Market, Extending Terms, & Converting All Leases to NNN
- Excellent Exposure via Red Bank Rd (21,700+ VPD) | Less than 7 Minutes to I-26 (111,100+ VPD)
- Eclectic Tenant Mix Including a Café, Hair Salon, and Nail Salon Amongst Others | Steady In-Place Cash Flow for New Owner
- Recently Renovated in 2021 | Owner Spent Over $130,000+ on New Roofing, HVAC, Parking Lot, Paint, & More
- In Close Proximity to Downtown Charleston, Port of Charleston, and the Charleston Naval Complex
- High Growth Submarket | The City of Goose Creek has Grown 32.8% Since 2010
- Strong Demographics | Estimated Population of Over 124,000+ within 5-Miles of the Property
Address: 225 Red Bank Rd
City: Goose Creek
State/County: South Carolina
Zip: 29445
Country: United States
Property Id: 20224
Price: $ 2,009,000
Price/SF: $122.96
Cap Rate: 8.2%
Building Size: 16,338 SF
Lot Size: 1.04 Acres
# of Units: 13
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