614 Blitchridge RdCharleston, SC 29407

Property Details for 614 Blitchridge Rd

Year built

1978

Lot size

0.22 AC

Property size (Sq ft)

2,664 SF

Property type

Office properties

Property subtype

Office buildings

APN

350-05-00-037

APU

3500500037

Description

This exceptional investment opportunity presents two mixed-use buildings totaling 5,388 square feet on a 0.22-acre corner lot in Charleston, SC, at 614 Blitchridge Rd, zip code 29407. The property, zoned CC, features 25 parking spaces and convenient access from two streets. The larger, three-story building (1978 construction) is currently configured as a medical office, boasting a spacious atrium-style waiting room, multiple offices, labs, executive suites with private bathrooms, a large break room, and a sizable conference room with a floor-to-ceiling window. The smaller building, adaptable to various uses, currently functions as a medical extended-stay facility with three offices/bedrooms, two full bathrooms, a kitchenette, laundry area, and a sunroom. Both buildings are in excellent condition, ready for immediate occupancy or customization. The property's strategic location near Savannah Highway and I-526 provides easy access to major roadways, shopping, dining, and recreational amenities, including the West Ashley greenway. This owner/user investment offers significant potential for a variety of businesses and represents a strong addition to any portfolio. The asking price is $1,500,000, with a price per square foot of $278.40. The property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $240,763

  6.5%

  $222,242

  7%

  $206,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $342,127

  Geo Method

  $451,122

• Alternative Use

  Use

  Valuation

  Residential

  $275,580

  Hospitality

  $252,430

  Educational

  $210,019

  Medical

  $217,242

  Retail

  $326,696

Location Insight

City

Charleston

County

Charleston

State

South Carolina

Latitude

32.789

Longitude

-80.0223

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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