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225 Red Bank Rd 16,350 SF 100% Leased Retail Building Goose Creek, SC 29445 $3,387,500 ($207.19/SF) 8.03% Cap Rate
Executive Summary
• 16,338 SF neighborhood strip center
• 100% occupied
• Multiple small-bay retail units
• Approximately 182 feet of frontage on Red Bank Road
• Located along an established Goose Creek commercial corridor
• Convenient access to surrounding residential neighborhoods and major retail amenities
• Part of the greater Charleston–North Charleston market
• 100% occupied
• Multiple small-bay retail units
• Approximately 182 feet of frontage on Red Bank Road
• Located along an established Goose Creek commercial corridor
• Convenient access to surrounding residential neighborhoods and major retail amenities
• Part of the greater Charleston–North Charleston market
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,350 SF
Building Class
B
Year Built
1982
Price
$3,387,500
Price Per SF
$207.19
Cap Rate
8.03%
NOI
$272,054
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.04 AC
Zoning
GC - General Commercial
Parking
40 Spaces (2.45 Spaces per 1,000 SF Leased)
Frontage
182’ on Red Bank Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 244-13-03-002 | Improvements Assessment | $129,816 |
| Land Assessment | $29,016 | Total Assessment | $158,832 |
Property Taxes
Parcel Number
244-13-03-002
Land Assessment
$29,016
Improvements Assessment
$129,816
Total Assessment
$158,832
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225 Red Bank Rd