For Sale
$825,000

942 Savannah Hwy Charleston, SC 29407

Prime Savannah Hwy location, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
135
This 1,260 square foot storefront, located at 942 Savannah Hwy in Charleston, SC 29407, presents a compelling investment opportunity. Currently classified as a Class B property, built in 1954, it sits on a 0.14-acre lot and boasts a highly visible corner location along Savannah Highway, a corridor with 36,600 vehicles per day. The property's GB zoning allows for redevelopment, making it ideal for investors seeking to capitalize on the strong retail synergy in the Avondale neighborhood, just 2.5 miles from downtown Charleston. The existing building, easily adaptable for retail or office use, is currently occupied by a short-term tenant with a lease expiring November 30, 2023. The asking price is $825,000, translating to $654.76 per square foot. The property's single-story structure offers significant potential for expansion or assemblage with adjacent properties to increase the redevelopment footprint. This is a rare chance to acquire a strategically located asset in a thriving Charleston neighborhood. The property features existing signage and excellent visibility, ensuring strong brand recognition for future tenants. The parcel's APN is 4181300192.

Highlights

  • Short-term tenant in place, lease expiring 11/31/2023.
  • Assemblage potential for increased redevelopment potential.

Property Details for 942 Savannah Hwy

Property type
Retail properties, Office properties
Square Feet
1,260 SF
Class
B
Year Built
1954
Buildings
1
Stories
1
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Charleston
County
Charleston
State
South Carolina
Latitude
32.78342498381
Longitude
-79.992539801074

FAQs

What type of property is this?
Retail property - Prime Savannah Hwy location, redevelopment potential.
Where is the retail property located?
The property is located at 942 Savannah Hwy Charleston, SC.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Short-term tenant in place, lease expiring 11/31/2023.; Assemblage potential for increased redevelopment potential.;
How can I contact the broker?
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942 Savannah Hwy
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