219 S Cedar St
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219 S Cedar St
4,097 SF 100% Leased Retail Building Summerville, SC 29483 $2,995,000 ($731/SF) 4.53% Cap Rate
Investment Highlights
- growing commercial and residential development in Summerville, including the exciting Bonaire Park project, this property is poised for both immediate
Executive Summary
Azalea Bar & Garden/Champagne Bar (Tenant) – Located on the first floor of 219 S
Cedar Street and 217 S Cedar Street, under a 10-year NNN lease with (1) 5-year
renewal options. Azalea Bar offers a curated experience with craft cocktails,
specialty wines, local craft beers, and a menu featuring Southern favorites. This
tenant’s reputation for quality and its strong lease provide stability for your
investment.
Airbnb Income – Two fully furnished apartments located above 219 S Cedar Street.
These short-term rental units are popular and frequently booked:
o Front Unit: Studio-style apartment with a king-size bed, queen Murphy bed,
kitchenette, and full bathroom.
o Back Unit: Features a full kitchen, sitting area, king-size bedroom, walk-in
closet, and full bathroom. The back unit also has access to a second-story patio with the potential to expand into a rooftop patio—support beams are already in place for further development. This property offers a unique combination of a stable, income-generating tenant with Azalea Bar & Garden/ Champagne bar, and a highly profitable short-term rental program. With the growing commercial and residential development in Summerville, including the exciting Bonaire Park project, this property is poised for both immediate returns and long term appreciation. 217 & 219 S Cedar Street is a rare opportunity for investors seeking strong income streams and future growth potential.
Cedar Street and 217 S Cedar Street, under a 10-year NNN lease with (1) 5-year
renewal options. Azalea Bar offers a curated experience with craft cocktails,
specialty wines, local craft beers, and a menu featuring Southern favorites. This
tenant’s reputation for quality and its strong lease provide stability for your
investment.
Airbnb Income – Two fully furnished apartments located above 219 S Cedar Street.
These short-term rental units are popular and frequently booked:
o Front Unit: Studio-style apartment with a king-size bed, queen Murphy bed,
kitchenette, and full bathroom.
o Back Unit: Features a full kitchen, sitting area, king-size bedroom, walk-in
closet, and full bathroom. The back unit also has access to a second-story patio with the potential to expand into a rooftop patio—support beams are already in place for further development. This property offers a unique combination of a stable, income-generating tenant with Azalea Bar & Garden/ Champagne bar, and a highly profitable short-term rental program. With the growing commercial and residential development in Summerville, including the exciting Bonaire Park project, this property is poised for both immediate returns and long term appreciation. 217 & 219 S Cedar Street is a rare opportunity for investors seeking strong income streams and future growth potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,097 SF
Building Class
C
Year Built/Renovated
1900/2022
Price
$2,995,000
Price Per SF
$731
Cap Rate
4.53%
NOI
$135,674
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.39
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
GB - General Business
Parking
5 Spaces (1.22 Spaces per 1,000 SF Leased)
Frontage
66 FT on Cedar St
Amenities
- Bus Line
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Azalea Bar
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Azalea Bar | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 137-07-05-007 | Improvements Assessment | $11,792 |
| Land Assessment | $3,084 | Total Assessment | $14,876 |
PROPERTY TAXES
Parcel Number
137-07-05-007
Land Assessment
$3,084
Improvements Assessment
$11,792
Total Assessment
$14,876
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219 S Cedar St
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