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5515 Rivers Ave 2,400 SF Industrial Building North Charleston, SC 29406 $3,125,000 ($1,302.08/SF)

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EXECUTIVE SUMMARY

Imagine owning a strategic development site in one of North Charleston’s most industrially capable corridors, just moments from I-526 and I-26. This property—comprised of a 2,400 SF existing building plus multiple adjacent parcels totaling ~1.61 acres—is already zoned M-1 (Light Industrial) and poised for transformational upside. 1. Zoning Power & Flexibility The M-1 (light industrial) zoning grants broad latitude for industrial, warehousing, logistics, and storage-based uses—the kinds of operations that generate revenue per square foot and remain relatively low risk from a site operations standpoint. Because the property also carries B-2 / office-warehouse compatibility, there’s added flexibility for hybrid uses (office + light manufacturing or distribution) or attractive interim cash flow options. In many markets, self-storage (especially climate-controlled units, drive-up units, RV/boat storage) is considered a “clean,” low-maintenance asset class—i.e. a highly compatible use in industrial zones with minimal nuisance or heavy traffic impact. 2. Self-Storage: Highest & Best Use Case Given its zoning, footprint, and frontage, the property is ideally suited for a self-storage development. Self-storage commands strong demand from residential renters, small businesses, and e-commerce operators. It scales well (stacked units, multiple stories) and is capital-efficient relative to heavier industrial uses. The corridor location gives it visibility, access, and ease of use—key competitive advantages for a storage facility. Because self-storage is relatively passive (no heavy operational complexity, smaller staffing, limited waste streams), it often delivers attractive risk-adjusted returns. Should local codes or permitting require conditional use approval or design compliance (e.g. buffering, façade treatments), these are typically manageable relative to building a more intensive industrial use. (Always confirm with City zoning / planning.) 3. Strategic Location & Market Access Fronting Rivers Avenue, this site benefits from a major arterial route with high visibility and connectivity to the region’s transportation network. Near I-526 and I-26 junctions means fast access to Charleston, North Charleston, Mt. Pleasant, Summerville, and key industrial nodes. Given scarcity of well-zoned industrial parcels in the greater Charleston metro, this site presents a rare entry into a constrained supply set. It’s proximate to both consumer and business density: residential areas, light industrial districts, and commercial corridors converge, generating demand for convenient storage.

PROPERTY FACTS

Price $3,125,000
Price Per SF $1,302.08
Sale Type Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.61 AC
Rentable Building Area 2,400 SF
No. Stories 1
Year Built/Renovated 2007/2023
Tenancy Single
Parking Ratio 2.5/1,000 SF
No. Drive In / Grade-Level Doors 1
Zoning M1 - Light Industrial

AMENITIES

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 472-07-00-071
  • 472-07-00-050
Land Assessment
$12,000
Improvements Assessment
$0
Total Assessment
$60,600
  • Listing ID: 28762362

  • Date on Market: 6/15/2023

  • Last Updated:

  • Address: 5515 Rivers Ave, North Charleston, SC 29406

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