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$ 3,125,000
Est. payment /mo
Active
5515 Rivers Avenue AVE North Charleston, SC 29406
70,131 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 70,131 sqft
Price per Sqft $44
MLS Listing ID 31001228
Year Built 2007
Lot Size 1.610 Acres
Acres 1.61
Property Sub-Type Industrial
Property Description
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 & FlexibilityThe M‑1 (light industrial) zoning grants broad latitude for industrial, warehousing, logistics, and storage-based uses--the kinds of operations thatgenerate revenue per square foot and remain relatively low risk from a site operations standpoint. Because the property also carries B‑2 / office‑warehousecompatibility, there's added flexibility for hybrid uses (office + light manufacturing or distribution) or attractive interim cash flowoptions. In many markets, self‑storage (especially climate‑controlled units, drive-up units, RV/boat storage) is considered a ''clean,'' low-maintenanceasset class--i.e. a highly compatible use in industrial zones with minimal nuisance or heavy traffic impact.2. Self‑Storage: Highest & Best Use CaseGiven its zoning, footprint, and frontage, the property is ideally suited for a self‑storage development. Self‑storage commands strong demand fromresidential renters, small businesses, and e‑commerce operators. It scales well (stacked units, multiple stories) and is capital-efficient relative toheavier industrial uses. The corridor location gives it visibility, access, and ease of use--key competitive advantages for a storage facility. Becauseself-storage is relatively passive (no heavy operational complexity, smaller staffing, limited waste streams), it often delivers attractive risk-adjustedreturns. Should local codes or permitting require conditional use approval or design compliance (e.g. buffering, facade treatments), these are typicallymanageable relative to building a more intensive industrial use. (Always confirm with City zoning / planning.)3. Strategic Location & Market AccessFronting Rivers Avenue, this site benefits from a major arterial route with high visibility and connectivity to the region's transportation network. NearI‑526 and I‑26 junctions means fast access to Charleston, North Charleston, Mt. Pleasant, Summerville, and key industrial nodes. Given scarcityof well-zoned industrial parcels in the greater Charleston metro, this site presents a rare entry into a constrained supply set. It's proximate to bothconsumer and business density: residential areas, light industrial districts, and commercial corridors converge, generating demand for convenientstorage.
Location
State SC
County Charleston
Zoning City of North Charleston - B-2 - General Business District
Exterior
Parking Features Surface
Garage Spaces 6.0
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Lease Option
Listing Terms Cash, Lease Option
Listed by James Dingle • Coldwell Banker Comm/Atlantic
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