This attractive and highly visible 20,352 SF free-standing 2 story brick office building is situated on 1.74 acres with 132 surface parking spaces. Fronting Rivers Ave accessed by Greenridge Road Extension and next to a well-known law firm. Lighted Intersection @ Greenridge Road and Rivers Ave enables easy ingress/egress. The property is seconds from the I-26 on-ramp. Signage is highly visible from one of the most well-traveled thoroughfares in North Charleston. The property offers ample parking, nice landscaping, and perimeter lighting. 2012 Construction yields a virtually new Building in excellent condition. Elevator services the 2nd floor. Tons of Glass and natural light. Fully sprinkled, Security/Alarm system, sprinkler room, and excellent power (Eaton 150KVA 3PH 480V transformers). The building consists of a variety of different sized class rooms and/or offices. (See attached floor plans for more details) Previously the building was used as an Institution for Higher Learning. The building could serve a multitude of users. (see attached B-2 zoning)
| Acres | 1.74 |
| Area | North Charleston/Summerville Outside I-526 |
| City Name | North Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29406 |
| Square Feet | 20352 SF |
| Date Modified | 2018-08-15T08:30:19 |
| Property Status | Existing |
| Status | Active |
| Title | Free Standing Building - Excellent Visibility - 8084 Rivers Ave. |
| Zoning | B-2 (NORTH CHARLESTON) |
Listed by: Palmetto Commercial Prop, LLC | 843-577-2550
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.
