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10 S Morgan Ave
Andrews, SC 29510
Morgan Avenue Commons - Andrews, SC · Office Property For Sale
Investment Highlights
- 10 S Morgan Ave is a multi-tenant commercial property totaling approximately 11,340 square feet. Originally constructed in 1950 and renovated in 2004.
- Situated on a 0.75-acre parcel, the asset includes approximately 30 surface parking spaces and is zoned commercial (NEC).
- With in-place tenancy providing stable income and clear opportunities to increase occupancy and optimize rents.
- The property is divided into seven units, with one currently vacant, resulting in approximately 86% occupancy.
- Located in Andrews, South Carolina, within Georgetown County, the property benefits from connectivity to key regional markets, including Georgetown.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the Morgan Avenue Commons at 10 S Morgan Avenue in Andrews, SC. This multi-tenant retail asset presents a compelling value-add opportunity through lease-up of existing vacancy and completion of a partially unfinished unit, allowing for meaningful NOI growth. With a functional layout, strong accessibility, and proximity to key regional markets, the property is well-positioned for investors to enhance performance through strategic leasing and repositioning.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
Property Facts
Sale Type
Investment
Property Type
Building Size
11,340 SF
Building Class
C
Year Built
2004
Price
$623,700
Price Per SF
$55
Cap Rate
12.25%
NOI
$76,403
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,340 SF
Building FAR
0.35
Lot Size
0.75 AC
Opportunity Zone
Yes
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,910 | |
| Land Assessment | $1,804 | Total Assessment | $12,714 |
Property Taxes
Parcel Numbers
Land Assessment
$1,804
Improvements Assessment
$10,910
Total Assessment
$12,714
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