8459 Dorchester RdNorth Charleston, SC 29420

  • Retail properties
  • 3,250 SF
For Lease
$26.50/SF/YR View listing

Property Details for 8459 Dorchester Rd

Year built
2020
Lot size
1.40 AC
Property size (Sq ft)
3,250 SF
Zone code
R2_NC
Property type
Retail properties
Property subtype
Retail space
APN
181-00-00-104
APU
1810000104

Description

The Shoppes on Dorchester is a single-story, 8,888 square foot retail strip center built in 2020, located in the Charleston submarket of Dorchester County. This highly visible property boasts a prime location off Dorchester Road and Ashley Phosphate Road, enjoying a traffic count of 40,200 vehicles per day. Currently housing six tenants including Tropical Smoothie Cafe, Daisy Nail, a Chiropractor's office, Hair Space, and Cold Stone Creamery, there is one vacant unit available for lease. This unit, designated as Unit E, offers 1,486 square feet of retail space. The center benefits from two prominent pylon signs, one on Dorchester Road and one on-site, ensuring excellent visibility. Its strategic location is further enhanced by its proximity to major retailers such as Chick-fil-A (directly behind), Publix Super Market at Palmetto Pavilion, UPS, Subway, Supercuts, and La Hacienda Mexican Restaurant (across Resolute Way). A 208-unit apartment complex, Silvana Oaks, is located directly behind the property, providing a substantial residential base. The property is zoned B-2 General Commercial (APN: 181-00-00-104). This presents a unique opportunity for a business seeking high visibility and a strong customer base in a thriving Charleston retail corridor.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $989,964
    6.5%
    $913,813
    7%
    $848,541
  • Comparable approach

    Method
    Valuation
    Relative Method
    $732,181
    Geo Method
    $1,386,895
  • Alternative Use

    Use
    Valuation
    Residential
    $770,836
    Hospitality
    $706,081
    Educational
    $587,451
    Medical
    $607,655
    Retail
    $913,813
8459 Dorchester Rd, North Charleston, South Carolina

Location Insight

City
North Charleston
County
Dorchester
State
South Carolina
Latitude
32.9154
Longitude
-80.112
CBSA code
16700
CBSA name
CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,867
$30,240
$30,429
$60,669
-
$504,000
$507,148
$1,011,148

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