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1422 Ashley River Rd 1,294 SF Office Building Charleston, SC 29407 $732,858 CAD ($566.35 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Excellent High Traffic Location

EXECUTIVE SUMMARY

An opportunity to acquire a commercial office property located just off the stoplit corner of Ashley River Road and Ashley Hall Road. This is a very highly trafficked intersection with frestanding signage and an abundance of onsite parking (12 spaces). Currently leased to a corporate Tenant on a Five (5) year lease term (with renewal options) expiring in July 2028. Fully renovated interior with a functional layout that features 6 total offices (the largest of which could be used as a conference room), and 2 bathrooms. Trees onsite are in process of being heavily trimmed and pruned.
Square Footage is Approximate. Do not disturb Tenant. Contact Listing Agent for information.Commercial Real Estate Ventures, LLC does not make any representation or warranty as to the accuracy or completeness of the Informational Materials for this offering and further that the provided information used in the preparation of the Informational Materials herein that has been furnished to Commercial Real Estate Ventures, LLC by others has not been independently verified by Commercial Real Estate Ventures, LLC and is therefore not guaranteed as to completeness or accuracy. Any Potential Purchaser and/or Buyer's Broker(s) agrees that Commercial Real Estate Ventures, LLC shall not have any liability for any reason to the Buyer's Broker(s) or the Potential Purchaser or any Related Parties resulting from the use of the Informational Materials.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $55,816 $43.13
Other Income - -
Vacancy Loss - -
Effective Gross Income $55,816 $43.13
Taxes $8,596 $6.64
Operating Expenses $6,978 $5.39
Total Expenses $15,574 $12.04
Net Operating Income $40,242 $31.10

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $55,816
Annual Per SF $43.13
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $55,816
Annual Per SF $43.13
Taxes (CAD)
Annual $8,596
Annual Per SF $6.64
Operating Expenses (CAD)
Annual $6,978
Annual Per SF $5.39
Total Expenses (CAD)
Annual $15,574
Annual Per SF $12.04
Net Operating Income (CAD)
Annual $40,242
Annual Per SF $31.10

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,294 SF
Building Class
C
Year Built
1960
Price
$732,858 CAD
Price Per SF
$566.35 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,294 SF
Building FAR
0.14
Lot Size
0.22 AC
Zoning
OR
Parking
12 Spaces (9.27 Spaces per 1,000 SF Leased)

AMENITIES

  • Fenced Lot
  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
418-01-00-211
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$31,748 CAD
Annual Taxes
$8,596 CAD ($6.64 CAD/SF)
Tax Year
2024
  • Listing ID: 33612011

  • Date on Market: 2024-10-23

  • Last Updated:

  • Address: 1422 Ashley River Rd, Charleston, SC 29407

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