113 N Gum St, Summerville, SC 29483

Commercial property for lease

• Description
• This nearly 1 acre lot is zoned Heavy Industrial which gives much leeway in terms of uses for this lot, and is a rare find so close to downtown Summerville, presenting a tremendous development opportunity! 113 North Gum Street is located 2 blocks off Main Street (Highway 17A), a major thoroughfare in the Central Business District of Summerville, and Gum Street runs parallel to Berlin G. Myers Parkway, another major thoroughfare which by-passes Main Street and connects Highway 17A with Trolley Road. North Gum Street is home to several commercial uses including office space, retail and service industries. Subject property available is 0.99-1 acre. TMS Lot 008 is 39,928 SF and TMS Lot 009 is 3,800 SF, bringing total to 43,128 SF (0.99 acre). Buyer to verify. This lot has 2 propane tanks owned by Amerigas which leases the land for $2,000/month. Additional tanks on property are inactive and may have scrap value, buyer to determine. All tanks could be removed by purchaser, provided lease is no longer in place. No underground storage tanks exist on site. Heavy Industrial zoning on this parcel provides for a variety of use opportunities. Lot could also be used for yard space which is not easy to find in Downtown Summerville. Additional income of $150/month, brings gross annual income to $25,800, less approx $6900 in taxes, is NOI of $18,900. There is a 1500 sq ft office/warehouse that needs total rehab or to be razed. Additional improvements noted on Additional Info doc (pdf).This property is under SCDHEC's SUPERB fund for environmental remediation at no cost to purchaser. Property can be developed with engineering controls in place. Additional information is available in a pdf. Property is fenced and gate must remain locked due to government regulations for storage tanks. Formerly Fuel Express and a 76 gas station.
• Contact info
• Jonathan C Lee

  Choice Realty, Inc.
• Note

• Details Info about this row that located on 113 N Gum St, Summerville, SC 29483 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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