2280 Savannah HwyCharleston, SC 29414

Property Details for 2280 Savannah Hwy

Year built

1960

Lot size

0.53 AC

Property size (Sq ft)

7,000 SF

Property type

Commercial real estate

APN

310-03-00-008

APU

3100300008

Description

This exceptional 750-square-foot retail or office space is ideally situated at the corner of Savannah Highway and Savage Road in Charleston, South Carolina, zip code 29414. The single-tenant space boasts storefront dimensions of approximately 15 feet wide by 50 feet deep, offering excellent visibility and accessibility. The property is part of a vibrant retail center, sharing space with established businesses including Charlies Grocery, Subway, Jeri's Barbershop, and Badd Kitty. This high-traffic location benefits from an estimated 50,000 average annual daily traffic (AADT), ensuring significant exposure for your business. The space is available for lease starting May 1, 2024, with an estimated Year 1 total operating expenses (TICAM) of $3.61 per square foot. The total building size is 13,500 square feet, with this space representing a portion of the available area. Note that this space is not suitable for vape or tobacco-related businesses. The existing tenant is relocating within the center to a larger space, presenting a unique opportunity for a new business to establish itself in this thriving commercial area. This property offers a fantastic opportunity for businesses seeking high visibility and a strong tenant mix.

• CAP approach

  CAP return

  Valuation

  6%

  $716,986

  6.5%

  $661,833

  7%

  $614,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $898,982

  Geo Method

  $1,185,380

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,877,460

  Retail / Commercial

  $1,167,330

  Mixed-Use / Specialty

  $920,280

  Hospitality / Lodging

  $358,955

  Office

  $661,833

  Institutional / Educational

  $869,913

  Residential Income

  $1,017,800

  Multifamily

  $2,567,200

  Automotive / Energy

  $745,640

  Parking / Income-Based Land

  $497,277

  Restaurant / Food Service

  $-39,715.90

  Healthcare / Senior Housing

  $1,192,800

Location Insight

City

Charleston

County

Charleston

State

South Carolina

Latitude

32.7925

Longitude

-80.043

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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