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500 N Pine St 2,876 SF 100% Leased Office Building Summerville, SC 29483 $1,150,000 ($399.86/SF) 8.35% Cap Rate



Investment Highlights
- High visibility and accessibility
- Established Business Environment
Executive Summary
This income-producing commercial building in the heart of Summerville's central business district delivers what most investors spend years searching for: established tenants, steady monthly income, and room to grow.
Four tenants are currently in place generating $4,500 per month — $54,000 annually — with significant additional upside available. The main office space is available to lease at $2,500 per month, bringing total potential monthly income to $7,000 and annual gross income to $84,000 for an investor ready to activate that opportunity.
The 0.26-acre lot provides operational flexibility, and the multi-unit configuration means no single tenant departure disrupts the entire income stream.
Location is the quiet differentiator here. The property sits within walking distance of retail, grocery, dining, and professional services — the kind of walkable commercial corridor that keeps tenants renewing and customers returning. In a market where Summerville's commercial demand continues to outpace supply, positioning matters, and this property is well-positioned.
Whether you are an investor adding a cash-flowing commercial asset to your portfolio, a business owner exploring an owner-occupied opportunity, or a buyer building long-term wealth through commercial real estate, this property delivers on day one while leaving meaningful income upside on the table for the right operator.
Opportunities like this in Summerville's core business district move quickly. Contact Ken Claude at Carolina Coastal Realty Group to schedule a private showing and request the full financial package.
?? Call or text: 843-900-1254
?? Carolina Coastal Realty Group, LLC | Equal Housing Opportunity
Four tenants are currently in place generating $4,500 per month — $54,000 annually — with significant additional upside available. The main office space is available to lease at $2,500 per month, bringing total potential monthly income to $7,000 and annual gross income to $84,000 for an investor ready to activate that opportunity.
The 0.26-acre lot provides operational flexibility, and the multi-unit configuration means no single tenant departure disrupts the entire income stream.
Location is the quiet differentiator here. The property sits within walking distance of retail, grocery, dining, and professional services — the kind of walkable commercial corridor that keeps tenants renewing and customers returning. In a market where Summerville's commercial demand continues to outpace supply, positioning matters, and this property is well-positioned.
Whether you are an investor adding a cash-flowing commercial asset to your portfolio, a business owner exploring an owner-occupied opportunity, or a buyer building long-term wealth through commercial real estate, this property delivers on day one while leaving meaningful income upside on the table for the right operator.
Opportunities like this in Summerville's core business district move quickly. Contact Ken Claude at Carolina Coastal Realty Group to schedule a private showing and request the full financial package.
?? Call or text: 843-900-1254
?? Carolina Coastal Realty Group, LLC | Equal Housing Opportunity
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$84,000
|
$29.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,000
|
$29.21
|
| Taxes |
$10,500
|
$3.65
|
| Operating Expenses |
$13,440
|
$4.67
|
| Total Expenses |
$23,940
|
$8.32
|
| Net Operating Income |
$60,060
|
$20.88
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $29.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $29.21 |
| Taxes | |
|---|---|
| Annual | $10,500 |
| Annual Per SF | $3.65 |
| Operating Expenses | |
|---|---|
| Annual | $13,440 |
| Annual Per SF | $4.67 |
| Total Expenses | |
|---|---|
| Annual | $23,940 |
| Annual Per SF | $8.32 |
| Net Operating Income | |
|---|---|
| Annual | $60,060 |
| Annual Per SF | $20.88 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
2,876 SF
Building Class
C
Year Built/Renovated
1980/2024
Price
$1,150,000
Price Per SF
$399.86
Cap Rate
8.35%
NOI
$96,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,876 SF
Building FAR
0.25
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
N-MX_SV - N-MX - Neighborhood Mixed-Use
Parking
8 Spaces (2.78 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
- Reception
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Invitation Only
- Arts, Entertainment, and Recreation
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Invitation Only | Arts, Entertainment, and Recreation | - | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 130-15-09-005 | Total Assessment | $25,850 |
| Land Assessment | $5,517 | Annual Taxes | $10,500 ($3.65/SF) |
| Improvements Assessment | $20,333 | Tax Year | 2025 |
Property Taxes
Parcel Number
130-15-09-005
Land Assessment
$5,517
Improvements Assessment
$20,333
Total Assessment
$25,850
Annual Taxes
$10,500 ($3.65/SF)
Tax Year
2025
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Presented by
Carolina Coastal Real Group
500 N Pine St
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