5935 Rivers AveNorth Charleston, SC 29406

Property Details for 5935 Rivers Ave

Year built

1971

Lot size

7.40 AC

Property size (Sq ft)

112,112 SF

Property type

Office properties

Property subtype

Office buildings

APN

472-03-00-105

APU

4720300105

Description

This exceptional North Charleston property at 5935 Rivers Ave offers 106,664 square feet of versatile commercial space, categorized as Class B. The building, constructed in 1971, features a blend of retail, office, and industrial uses within a B-2 General Business District zoning. Currently, multiple tenants occupy the space, with four individual units available, ranging from 9,658 to 27,950 square feet. One fully conditioned 10,853 square foot flex space is immediately available, boasting prime visibility and signage opportunities along I-26, a major thoroughfare with over 100,000 vehicles passing daily. The landlord is currently improving the space by installing a demising wall, bathrooms, and a loading dock door directly facing I-26. The existing open loading/storage area offers 11-foot clearance, which can be increased to 15 feet with ceiling grid and sprinkler/lighting adjustments to accommodate specific tenant needs. The space includes three-phase power, a sprinkler system, and energy-efficient LED lighting. Ample parking is available to serve most tenant requirements. The property's APN is 472-03-00-105. This is a rare opportunity to secure a high-traffic, adaptable space in a thriving North Charleston location. Available now.

• CAP approach

  CAP return

  Valuation

  6%

  $23,231,164

  6.5%

  $21,444,152

  7%

  $19,912,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,022,746

  Geo Method

  $18,985,046

• Alternative Use

  Use

  Valuation

  Residential

  $26,590,748

  Hospitality

  $24,356,982

  Educational

  $20,264,724

  Medical

  $20,961,658

  Retail

  $31,522,904

Location Insight

City

North Charleston

County

Charleston

State

South Carolina

Latitude

32.9022

Longitude

-80.021

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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