$2,700,000
$3,200,000
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500,940 SqFt
SOLD DATE : 05/12/2020
Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 500,940 sqft
Price per Sqft $5
MLS Listing ID 30505847
Sold Date 05/12/20
Year Built 1978
Lot Size 11.500 Acres
Acres 11.5
Property Description
Multi-tenant industrial park well positioned in Johns Island to be the primary industrial park in the area - positioned to service Johns Island, Wadmalaw Island and Kiawah Island. Very valuable in place industrial zoning on 11.5 acre tract with approximately 47,232 SF of improved flex space. Parcel spans from River Road to Abbapoola Road with curb cuts on both sides. The flex space sits on approximately 6.5 acres that fronts River Road. The 5 acres in back consist of 3 Quonset huts, a modular office and small warehouse - all of this is currently being used as a laydown for boat and RV storage and fronts Abbapoola Road. Water and 3-phase power are at the site. 4 septic tanks service the property and are currently designed to accommodate approximately 60 employees. Owner currently operates a business out of the property and will do a sale and lease back or can vacate the property.ADDITIONALLY, there are approximately 10.1 adjacent acres also zoned Industrial that owner will sell as well - owner believes approximately 90% of that acreage is high. This acreage combined with the listed property would provide the Purchaser an opportunity to create a substantial industrial park in the heart of Johns Island that would service the neighboring islands as well.
Location
State SC
County Charleston
Others
Acceptable Financing Cash, Lease Back
Listing Terms Cash, Lease Back
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Bought with John Davis