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941 Summers Ave 1,992 SF Office Building Orangeburg, SC 29115 $299,900 ($150.55/SF) 20% Cap Rate
Investment Highlights
- location is near center of town and other medical facilities
- layout is adaptable to office/business needing individual spaces for agents/producers
- recent interior upgrades of cosmetic nature
Executive Summary
Medical family practice for years; space divided into areas of examination, prep, lab, two waiting areas, reception desk area and offices. is near street-side parking and has private parking lot to 10 autos; has recently been upgraded and long-term doctor's practice was bought by MUSC. building nearly 100% vacant with some pieces used in previous practice still within- could be part of a sale.
could be used for a business with multiple office spaces for agents or operators
could be used for a business with multiple office spaces for agents or operators
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
1,992 SF
Building Class
C
Year Built
1969
Price
$299,900
Price Per SF
$150.55
Cap Rate
20%
NOI
$59,980
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,992 SF
Building FAR
0.21
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
B2 - should be easily used as medical practice with other office uses as well
Parking
10 Spaces (5.02 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0173-09-14-002.000 | Improvements Assessment | $10,096 |
| Land Assessment | $984 | Total Assessment | $11,080 |
Property Taxes
Parcel Number
0173-09-14-002.000
Land Assessment
$984
Improvements Assessment
$10,096
Total Assessment
$11,080
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941 Summers Ave
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