5640 Rivers AveNorth Charleston, SC 29406

  • Office properties
  • 25,125 SF
For Lease
$22/SF/YR View listing

Property Details for 5640 Rivers Ave

Year built
1990
Lot size
2.86 AC
Property size (Sq ft)
25,125 SF
Property type
Office properties
Property subtype
Office buildings
APN
472-08-00-107
APU
4720800107

Description

This exceptional Class A office property, located at 5640 Rivers Ave in North Charleston, South Carolina, offers 20,361 square feet of newly renovated executive and creative office space. Built in 1990 and extensively renovated in 2024, the building is zoned B-2 General Business and situated in Charleston County (zip code 29406). Multiple tenancy options are available, with a minimum divisible space of 2,112 square feet and a maximum contiguous space of 4,524 square feet. Currently, 14,173 square feet of space is vacant and ready for immediate occupancy. The available space is divisible into several suites, offering flexibility for businesses of various sizes. Suite options include approximately 2,361 square feet, 4,524 square feet, 2,112 square feet, 2,148 square feet, and a 3,028 square foot suite (available at the end of Q4). This property presents a unique opportunity to secure high-quality office space in a thriving North Charleston location. The building's modern design and recent renovations ensure a comfortable and productive work environment. Interested parties should inquire about specific suite availability and lease terms.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,206,249
    6.5%
    $4,805,768
    7%
    $4,462,500
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,246,160
    Geo Method
    $4,254,668
  • Alternative Use

    Use
    Valuation
    Residential
    $5,959,153
    Hospitality
    $5,458,552
    Educational
    $4,541,452
    Medical
    $4,697,638
    Retail
    $7,064,480
5640 Rivers Ave, North Charleston, South Carolina

Location Insight

City
North Charleston
County
Charleston
State
South Carolina
Latitude
32.8976
Longitude
-80.0149
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
$46,610
-
-
$160,500
-
$1,500,000
$1,175,000
$2,675,000

FAQs

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