1985 Folly RdCharleston, SC 29412

Property Details for 1985 Folly Rd

Year built

2005

Lot size

9.64 AC

Property size (Sq ft)

46,769 SF

Property type

Retail properties

Property subtype

Retail space

APN

331-06-00-007

APU

3310600007

Description

Folly Road Crossing, a vibrant retail center in Charleston County, offers exceptional opportunities for businesses seeking high-traffic locations. Recently expanded and renovated, this center boasts 53,994 square feet of retail space, divided into ten suites. The property is ideally situated near the popular Folly Beach resort area, ensuring consistent foot traffic and a strong customer base. Current occupancy includes a diverse mix of tenants, creating a synergistic environment. One retail space is currently available, ranging in size from 1 to 1,240 square feet, providing flexibility for various business needs. The center's strategic location on James Island, coupled with its proximity to Folly Beach, guarantees exposure to a large and loyal customer base. Average customer visit frequency is a remarkable 2.59 visits per person, demonstrating the center's strong appeal and repeat business. This presents a unique chance to establish or expand your business within a thriving retail environment. The property's recent upgrades ensure a modern and attractive setting for tenants and customers alike. Interested parties are encouraged to inquire about the available space and explore the possibilities of becoming part of this successful retail center. The property is classified as multi-tenant retail and restaurant space.

• CAP approach

  CAP return

  Valuation

  6%

  $6,213,411

  6.5%

  $5,735,456

  7%

  $5,325,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,136,018

  Geo Method

  $19,958,054

• Alternative Use

  Use

  Valuation

  Residential

  $4,838,072

  Hospitality

  $4,431,648

  Educational

  $3,687,079

  Medical

  $3,813,883

  Retail

  $5,735,456

Location Insight

City

Charleston

County

Charleston

State

South Carolina

Latitude

32.6861

Longitude

-79.9612

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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