320 Coleman BlvdMount Pleasant, SC 29464

Property Details for 320 Coleman Blvd

Year built

1987

Lot size

2.89 AC

Property size (Sq ft)

29,115 SF

Property type

Retail space

APN

517-00-00-052

APU

5170000052

Description

The Shops of Mt. Pleasant offers a unique retail investment opportunity in Charleston County. This 810 square foot strip center is currently 100% vacant, presenting a blank canvas for a new tenant or a redevelopment project. Strategically located at the base of the Ravenel Bridge and Shem Creek on Coleman Boulevard, the property enjoys exceptional visibility and convenient access for customers. The center benefits from a strong existing tenant mix, including Kids Play Garden, Kinz & Co Salon, Stretch Zone, Glowspa, Swoon Bridal Salon, Tasty Thai and Sushi, Benchmark Physical Therapy, Pitt Street Kids, Citrine, One Stop Sports, and Sheffield's, creating a vibrant and attractive shopping destination. This prime location ensures high foot traffic and exposure to a diverse customer base. The property's size makes it ideal for a single tenant or multiple smaller businesses seeking a collaborative environment. The potential for significant return on investment is substantial given the location and the current market demand for retail space in this desirable area of Charleston County. This is an exceptional opportunity to establish a presence in a thriving retail hub. The property is ready for immediate occupancy, allowing for a quick start to operations. Serious inquiries are encouraged to explore this exciting prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $3,868,021

  6.5%

  $3,570,480

  7%

  $3,315,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,422,591

  Geo Method

  $12,424,442

• Alternative Use

  Use

  Valuation

  Residential

  $3,011,834

  Hospitality

  $2,758,824

  Educational

  $2,295,309

  Medical

  $2,374,248

  Retail

  $3,570,480

Location Insight

City

Mount Pleasant

County

Charleston

State

South Carolina

Latitude

32.7978

Longitude

-79.8889

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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