Multifamily Property for Sale in Charleston, SC

  • Price: $445K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Charleston, SC 29407

Description

Exceptional corner lot opportunity located at the signalized intersection of Ashley River Road and William Kennerty Drive - also known as Tobias Gadson Boulevard - in Charleston, SC. This highly visible site benefits from a traffic count of 21,800 vehicles per day, making it ideal for businesses seeking maximum exposure. The property totals 1.37 acres with 0.77 acres of high ground and is zoned Limited Business within the City of Charleston. The flexible zoning accommodates a wide variety of uses including Medical Office, Multifamily, Banking and Credit Institutions, Nursing and Personal Care Facilities, Insurance and Real Estate Offices, Lawn and Garden Services, Research and Development Labs and Day Schools. A rare opportunity to secure a prime commercial corner in one of Charleston's most active Land Size: 1.37 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Charleston, SC is listed for sale at $445,000. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Charleston, SC — <a href="/search/sale/multifamily/south-carolina/charleston">view the full market</a>.

As of Q4 2019, the Charleston multifamily market showed a 4.6% vacancy rate, average asking rents near $1804.00/unit/mo, and rents up 12.7% year over year. Source: Consensus Q4 2019 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Charleston multifamily market tightening or softening?
Vacancy is around 4.6%, with asking rents rising year over year (Q4 2019).

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