216 Myers Summerville, 29486, Charleston Real Estate

216 Myers Summerville, 29486 9000sq.ft.

$4,800,000

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This two-unit, 9,000 SF office building is fully leased with a 5-year lease term for each unit and a current NOI of just below $235,000. There is a vacant acre on the east side of the existing building which has ample space for another similar building and therefore the ability to double the rental income on this property. It is located on a desirable, high traffic state road that connects 17-A and HWY 176. There is a new residential development adjacent to the property that is expected to hold ~220 rooftops with potentially ~200 more in second phase. Property is 5 min from booming Carnes Crossroads development. Building exterior completely renovated 2020 and interior was built to suit for each tenant at beginning of lease term. Zoned Rural and Neighborhood Commercial. Two active tenants, Acuity Dental-Orthodontics and Sky Bounty, have 5-year leases with option to renew (Suite A 1st renewal option in 2026 and Suite B renewal would be in 2028). Approximately 1 acre of buildable land included in listing. See attachment for conceptual design of additional building. Conceptual drawings are purely conceptual and have not been submitted for any approvals.