Price Reduction
Address
1103 Bacons Bridge Rd Summerville, SC
Price
$ 645,000
Property Attributes
  • MLS#30046523
  • TypeCommercial
  • CountyDORCHESTER
  • CitySummerville
  • AreaSummerville-Ladson
  • Zip29485
  • Style
  • Price$ 645,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Carolina One Real Estate
Property Description

Excellent investment opportunity for 10,683 SF of income producing space. Located in the heart of Summerville, this property has great visability and approximately 150 feet of frontage on Bacons Bridge Road. The property is located in a booming section of Dorchester county with a mixture of residential, retail, restaurants and banking in the immediate area. There are 4 leases in place with rents totaling 48,000.00 per year, taxes $8783.00, insurance is $2570.00 annually , water is $500.00 per year , each unit has its own electrical meter. NOI is 36,147.00 per year each Rents have NOT been raised since 2008. Owner can terminate leases with a 30 day written notice. This property would be a great investment , or 1031 exchange. 3 Phase power is available and connected in one of the buildings. If Square Footage is important buyer should measure. Rents are below the current comps, currently averaging $4.49 per square foot. Current comparable rents are higher, approximately $6.50 on the low end. If rents were adjusted to fair market , around $6.50 per foot , The cap rate would be approximately 8.9%.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/16/2017 Listed $690,000
5/9/2017 7% - $645,000

General Features

Property Sub Type Free-Standing Building, Street Retail
Property Type Retail-Commercial
Submarket 62 - Summerville/Ladson Area to Hwy.165
Zoning CG

Interior Features

Landsize Max 0.960
Landsize Min 0.960
Landsize Units Acre

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 29485

Price
AVG $930K
$650K
Visits
AVG 61
30
Walkscore
AVG 27
48

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