216 Myers RdSummerville, SC 29486

Property Details for 216 Myers Rd

Year built

2020

Lot size

3.01 AC

Property size (Sq ft)

4,484 SF

Zone code

BERKELEY COUNTY - RNC

Property type

Healthcare properties

Property subtype

Medical offices

APN

223-00-00-015

APU

2230000015

Description

This exceptional 4,500-square-foot office space, located at 216 Myers Road in Summerville, South Carolina, presents a unique opportunity. Situated in a Class B building (9,000 total square feet) constructed in 1993 and extensively renovated in 2023, this unit boasts a large open layout, a welcoming reception area, and two private bathrooms. The interior refresh in 2023 included a new central heating and air conditioning system, ensuring optimal comfort. The property features a single-story design and ample parking with 66 spaces available. This versatile space is zoned Berkeley - RNC - Rural and Neighborhood Commercial, making it suitable for a variety of office uses, including traditional, executive, medical, creative, or coworking spaces. The exterior was updated in 2020, enhancing curb appeal. Benefit from high visibility on Myers Road, a key connector between Carnes Crossroads and Goose Creek, providing excellent access and exposure. The property's strategic location is further enhanced by the proximity to the Planet Road development, with 220 residential units planned for the first phase. A minimum five-year lease is required. The lease commencement date is negotiable. This is Unit B.

• CAP approach

  CAP return

  Valuation

  6%

  $929,147

  6.5%

  $857,674

  7%

  $796,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,867

  Geo Method

  $759,321

• Alternative Use

  Use

  Valuation

  Residential

  $1,063,516

  Hospitality

  $974,175

  Educational

  $810,502

  Medical

  $838,377

  Retail

  $1,260,781

Location Insight

City

Summerville

County

Berkeley

State

South Carolina

Latitude

33.0447

Longitude

-80.0844

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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