List Search

5075 Dorchester Rd
North Charleston, SC 29418

$1,095,000 USD

Freestanding For Sale  •  6,161 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 6,161 SF
  • Lot Size 0.69 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 9.66 %
  • Tenancy Multiple
  • Zoning Commercial
28 Transit Score
57 Walk Score

Highlights

The current owner renovated the property spring of 2023, putting significant investment into a new roof, new HVAC systems, wiring, and plumbing.
Riverfront Master Development plan in the works along the Cooper River continues to drive interest in the North Charleston investment market.
This June, Charleston-North Charleston (SC) ranked first in the fastest-growing metro economies according to the Bureau of Labor Statistics
High Growth Corridor: This property is located within a half-mile to Greystar’s new 336-unit multifamily development.
Priced at an attractive cap rate of 10.13%, this investment allows for a potential new owner to have a healthy spread in today’s high interest rate
This could be especially attractive to investors who are looking for a short-term investment with a high return.

Property Flyers

Cap Rate: 9.66 %

Amenities

  • Bus Line
  • Freeway Visibility
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Charleston Amtrak Station (Palmetto - Amtrak, Silver Meteor - Amtrak) 6 min - 3.1 mi
AirportDriveWalkDistance
Charleston AFB/International 8 min - 5.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Ashleigh Liguori 864-766-4451 Matthews Real Estate Investment Services
Ashleigh Liguori 864-766-4451 Matthews Real Estate Investment Services