1706 Old Trolley RdSummerville, SC 29485

  • Retail properties
  • 8,490 SF
For Lease
$25/SF/YR View listing

Property Details for 1706 Old Trolley Rd

Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.00 AC
Property size (Sq ft)
8,490 SF
Zone code
UCMX_SV
Property type
Retail properties
Property subtype
Super regional malls
APN
161-04-07-017
APU
1610407017

Description

This exceptional 1,400 square foot commercial space is located within the Springview Shops retail center at 1706 Old Trolley Road in Summerville, South Carolina, 29485. Situated in Dorchester County, this property offers a prime location near the Oakbrook area, providing excellent visibility and accessibility. The suite, previously occupied by a chiropractic office, is ideally suited for a medical professional or can be easily adapted for retail use. The entire Springview Shops building encompasses 8,490 square feet and is currently comprised of a single suite. This presents a unique opportunity for a business seeking a well-maintained space in a thriving retail environment. The property's classification includes Retail, Office, Executive Office, Strip Center, and Street Retail, offering versatility for a range of potential tenants. The available space is part of a multi-tenant building, providing a collaborative atmosphere. This 1,400 square foot space presents a compelling opportunity for businesses seeking a prominent location in a busy commercial area of Summerville. The property's convenient location and adaptable layout make it an attractive option for a variety of commercial ventures.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,586,092
    6.5%
    $2,387,162
    7%
    $2,216,650
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,912,682
    Geo Method
    $3,622,996
  • Alternative Use

    Use
    Valuation
    Residential
    $2,013,660
    Hospitality
    $1,844,502
    Educational
    $1,534,604
    Medical
    $1,587,381
    Retail
    $2,387,162
1706 Old Trolley Rd, Summerville, South Carolina

Location Insight

City
Summerville
County
Dorchester
State
South Carolina
Latitude
32.9586
Longitude
-80.1655
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
$30,404
$26,136
$72,000
$98,136
-
$435,600
$1,200,000
$1,635,600

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