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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 | Rentable Building Area | 2,400 SF |
| Price Per SF | $1,302.08 | No. Stories | 1 |
| Sale Type | Owner User | Year Built/Renovated | 2007/2023 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.5/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 1.61 AC | ||
| Zoning | M1 - Light Industrial | ||
| 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
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $12,000 | Total Assessment | $60,600 |
Property Taxes
Parcel Numbers
Land Assessment
$12,000
Improvements Assessment
$0
Total Assessment
$60,600
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5515 Rivers Ave
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