1422 Ashley River Rd
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1422 Ashley River Rd
1,294 SF Office Building Charleston, SC 29407 $525,000 ($406/SF)
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.
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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$39,985
|
$30.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,985
|
$30.90
|
| Taxes |
$6,158
|
$4.76
|
| Operating Expenses |
$4,999
|
$3.86
|
| Total Expenses |
$11,157
|
$8.62
|
| Net Operating Income |
$28,828
|
$22.28
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $39,985 |
| Annual Per SF | $30.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $39,985 |
| Annual Per SF | $30.90 |
| Taxes | |
|---|---|
| Annual | $6,158 |
| Annual Per SF | $4.76 |
| Operating Expenses | |
|---|---|
| Annual | $4,999 |
| Annual Per SF | $3.86 |
| Total Expenses | |
|---|---|
| Annual | $11,157 |
| Annual Per SF | $8.62 |
| Net Operating Income | |
|---|---|
| Annual | $28,828 |
| Annual Per SF | $22.28 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,294 SF
Building Class
C
Year Built
1960
Price
$525,000
Price Per SF
$406
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
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PROPERTY TAXES
| Parcel Number | 418-01-00-211 | Total Assessment | $22,500 (2023) |
| Land Assessment | $0 (2023) | Annual Taxes | $6,158 ($4.76/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
418-01-00-211
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$22,500 (2023)
Annual Taxes
$6,158 ($4.76/SF)
Tax Year
2024
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1422 Ashley River Rd
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