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515 Folly Rd 2,765 SF Office Building Charleston, SC 29412 $1,625,000 ($587.70/SF) 5.30% Cap Rate



Investment Highlights
- Hard-corner location with frontage on Folly Road.
- Positioned along the primary route connecting Charleston and Folly Beach.
- Existing marquee signage offers significant visibility potential.
- Strong candidate for renovation, repositioning, or long-term redevelopment.
Executive Summary
515 Folly Road presents a rare opportunity to acquire a highly visible corner commercial property along one of Charleston's most traveled corridors. Positioned on James Island between Harbor View Road and the James Island Expressway, the site benefits from frontage on Folly Road, the primary route connecting Downtown Charleston and James Island to Folly Beach. The property's hard-corner positioning, existing marquee signage, and exposure to daily commuter, visitor, and beach-bound traffic create a compelling foundation for an owner-user, investor, or redevelopment buyer.
The existing improvements provide immediate utility, but the property's greatest value may lie in a comprehensive renovation or repositioning strategy that capitalizes on its prominent location. The combination of signalized access, strong visibility, and established commercial presence offers the potential to transform the site into a flagship business location designed to maximize branding, customer recognition, and long-term value. The property's corner orientation allows signage visibility from multiple directions, while the existing billboard-style marquee further enhances exposure opportunities.
Surrounded by established retail, office, service businesses, and residential neighborhoods, the property is situated within one of James Island's most recognized commercial corridors. Its location provides convenient access to Downtown Charleston, the James Island Expressway, and Folly Beach, supporting a broad customer draw and reinforcing the site's long-term appeal. For investors and business owners seeking a redevelopment opportunity with exceptional visibility and a highly recognizable address, 515 Folly Road offers a distinctive platform for future growth.
The existing improvements provide immediate utility, but the property's greatest value may lie in a comprehensive renovation or repositioning strategy that capitalizes on its prominent location. The combination of signalized access, strong visibility, and established commercial presence offers the potential to transform the site into a flagship business location designed to maximize branding, customer recognition, and long-term value. The property's corner orientation allows signage visibility from multiple directions, while the existing billboard-style marquee further enhances exposure opportunities.
Surrounded by established retail, office, service businesses, and residential neighborhoods, the property is situated within one of James Island's most recognized commercial corridors. Its location provides convenient access to Downtown Charleston, the James Island Expressway, and Folly Beach, supporting a broad customer draw and reinforcing the site's long-term appeal. For investors and business owners seeking a redevelopment opportunity with exceptional visibility and a highly recognizable address, 515 Folly Road offers a distinctive platform for future growth.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
2,765 SF
Building Class
C
Year Built
1959
Price
$1,625,000
Price Per SF
$587.70
Cap Rate
5.30%
NOI
$86,125
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,765 SF
Building FAR
0.10
Lot Size
0.66 AC
Parking
16 Spaces (4.53 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 424-09-00-087 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $48,070 |
Property Taxes
Parcel Number
424-09-00-087
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$48,070
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515 Folly Rd
