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622 Old Trolley Rd

2,000 SF Office Condo Unit Offered at $625,000 in Summerville, SC 29485

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Investment Highlights

The beautiful interior and the prime location in addition to the solid tenant and long term lease.

Executive Summary

This unit in the Iron Gate Business Park is updated beautifully on the inside and the Iron Gate PArk was recently repainted and updated on the exterior as well. It has a new roof in place on top of it all. There is a great mix of businesses in this park and the location is PRIME! The tenant just signed a new 3 year lease which makes this a solid investment!

Property Facts

Price	$625,000	Building Class	C
Unit Size	2,000 SF	Floors	1
No. Units	1	Typical Floor Size	2,000 SF
Total Building Size	4,000 SF	Year Built	1989
Property Type	Retail (Condo)	Tenancy	Single
Property Subtype	Storefront General Retail Storefront Retail/Office Showroom	Lot Size	0.26 AC
Sale Type	Investment	Parking Ratio	10/1,000 SF

Price	$625,000
Unit Size	2,000 SF
No. Units	1
Total Building Size	4,000 SF
Property Type	Retail (Condo)
Property Subtype	Storefront General Retail Storefront Retail/Office Showroom
Sale Type	Investment
Building Class	C
Floors	1
Typical Floor Size	2,000 SF
Year Built	1989
Tenancy	Single
Lot Size	0.26 AC
Parking Ratio	10/1,000 SF

1 Unit Available

Unit 104

Unit Size	2,000 SF	Sale Type	Investment
Price	$625,000	Cap Rate	7.01%
Price Per SF	$312.50	NOI	$43,800
Condo Use	Office

Unit Size	2,000 SF
Price	$625,000
Price Per SF	$312.50
Condo Use	Office
Sale Type	Investment
Cap Rate	7.01%
NOI	$43,800

Description

622 Old Trolley Road, Unit 104 boasts 2,000 SF of flex space and is situated in Iron Gate Business Park. This unit features high visibility on Old Trolley Road connecting Alt Route 17 to Route 642 and the Avenue of Oaks neighborhood. It is currently set up as a beautiful retail, event, or office space and has been used as a high-end cabinet and countertop business and showroom.

The space currently includes a front showroom, two offices, a half bathroom, a large back showroom/event space, and a rear delivery/loading and storage room with a 12-foot rollup door.

Plenty of surface parking is available directly in front of the unit entrance and is shared with surrounding businesses. Employee parking is also available in rear of the building.
Mechanical systems were updated when building was renovated in 2020.

622 Old Trol Rd - Updated Compress Brochure

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TENANT	SF OCCUPIED	LEASE END DATE
KCIRA Events	99,999 SF SF	Jan 0000

zoning

Zoning Code	Urban Corridor Mixed-Use (Dorchester - UC-MX - Urban Corridor Mixed-Use)
Urban Corridor Mixed-Use (Dorchester - UC-MX - Urban Corridor Mixed-Use)