Price Reduction
Address
669 Marina Dr Charleston, SC
Price
$ 1,167,615
Property Attributes
  • MLS#29893105
  • TypeCommercial
  • CountyBERKELEY
  • CityCharleston
  • AreaWando-Cainhoy
  • Zip29492
  • Style
  • Price$ 1,167,615
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8649
Listing Provided Courtesy Of:
Seay Development, LLC
Property Description

Updated. This is an investment portfolio consisting of 8 units. Potential Rental Income Fully Occupied is an 8.2% CAP RATE. At current occupancy, the Net Operating Income provides a 7.0% CAP RATE. Keep Existing Management or replace with your own. Call now for tours and further information. A detailed rent roll, pro forma and floor plans are available upon request. A phenomenal location in close proximity to 526 Clements Ferry and Highway 41, makes this a portfolio that leases well and is well run by local management. The tenants are seasoned and many have multiple options to renew. ERSI area demographics segment "High Society" and "Upscale Avenues" as abundant in this area. The Marina allows pedestrian use of the boardwalks, seating areas and cafe for lunch or breaks away from the office. Please do not approach Tenants or property without an appointment. DIRECTIONS: Follow I-526 E to Clements Ferry Rd/State Rd S-8-33 in Charleston. Take exit 23B from I-526 E. Continue on Clements Ferry Rd/State Rd S-8-33. Drive to Marina Dr. Look for Building Address once in Parking Lot. LEASE INFO: A DETAILED RENT ROLL IS AVAILABLE UPON REQUEST. TENANT INFO: VARIOUS TENANTS. ALL TENANT INFORMATION WILL BE DISCLOSED.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
11/10/2015 Listed $2,746,440
6/24/2017 5% - $2,617,110
11/12/2017 56% - $1,167,615

General Features

Property Sub Type Business Park, Net Leased, Office Building
Property Type Office
Submarket 78 - Wando/Cainhoy Area
Zoning GC

Interior Features

Size Gross Sf 8649

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 29492

Price
AVG $1.17M
$1.17M
Visits
AVG 237
200

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