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Morgan Avenue Commons - Andrews, SC 10 S Morgan Ave 11,340 SF Office Building Andrews, SC 29510 $868,003 CAD ($76.54 CAD/SF) 12.25% Cap Rate
Investment Highlights
- 10 S Morgan Ave is a multi-tenant commercial property totaling approximately 11,340 square feet. Originally constructed in 1950 and renovated in 2004.
- Situated on a 0.75-acre parcel, the asset includes approximately 30 surface parking spaces and is zoned commercial (NEC).
- With in-place tenancy providing stable income and clear opportunities to increase occupancy and optimize rents.
- The property is divided into seven units, with one currently vacant, resulting in approximately 86% occupancy.
- Located in Andrews, South Carolina, within Georgetown County, the property benefits from connectivity to key regional markets, including Georgetown.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the Morgan Avenue Commons at 10 S Morgan Avenue in Andrews, SC. This multi-tenant retail asset presents a compelling value-add opportunity through lease-up of existing vacancy and completion of a partially unfinished unit, allowing for meaningful NOI growth. With a functional layout, strong accessibility, and proximity to key regional markets, the property is well-positioned for investors to enhance performance through strategic leasing and repositioning.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
Property Facts
Sale Type
Investment
Property Type
Building Size
11,340 SF
Building Class
C
Year Built
2004
Price
$868,003 CAD
Price Per SF
$76.54 CAD
Cap Rate
12.25%
NOI
$106,330 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,340 SF
Building FAR
0.35
Lot Size
0.75 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Carolina Property Maintenance
- Professional, Scientific, and Technical Services
- 1,680 SF
- $835.02 CAD
- -
- Faith Tabernacle
- Professional, Scientific, and Technical Services
- 6,000 SF
- $695.85 CAD
- -
- Jeff Wildes (Landlord)
- Professional, Scientific, and Technical Services
- 1,200 SF
- -
- -
- McCutchen Insurance
- Finance and Insurance
- 1,290 SF
- $835.02 CAD
- -
- Ministerio Evangelistico Nueva Vida
- Retailer
- 2,790 SF
- $835.02 CAD
- -
- Peggy Cumbee
- Retailer
- 1,560 SF
- $139.17 CAD
- -
- TBA Motorsports
- Retailer
- 1,680 SF
- $835.02 CAD
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Carolina Property Maintenance | Professional, Scientific, and Technical Services | 1,680 SF | $835.02 CAD | - | ||
| Faith Tabernacle | Professional, Scientific, and Technical Services | 6,000 SF | $695.85 CAD | - | ||
| Jeff Wildes (Landlord) | Professional, Scientific, and Technical Services | 1,200 SF | - | - | ||
| McCutchen Insurance | Finance and Insurance | 1,290 SF | $835.02 CAD | - | ||
| Ministerio Evangelistico Nueva Vida | Retailer | 2,790 SF | $835.02 CAD | - | ||
| Peggy Cumbee | Retailer | 1,560 SF | $139.17 CAD | - | ||
| TBA Motorsports | Retailer | 1,680 SF | $835.02 CAD | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $15,183 CAD | |
| Land Assessment | $2,511 CAD | Total Assessment | $17,694 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,511 CAD
Improvements Assessment
$15,183 CAD
Total Assessment
$17,694 CAD
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Morgan Avenue Commons - Andrews, SC | 10 S Morgan Ave
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