1103 Bacons Bridge Rd, Summerville, SC 29485

Commercial property for lease

• 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%. Building price details: $645,000.
• Exterior Features

• Parking Type:

  Surface

• Contact info
• Barnwell B Cuthbert

  Carolina One Real Estate
• Note

• Details Info about this row that located on 1103 Bacons Bridge Rd, Summerville, SC 29485 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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