REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,000,000
Est. payment /mo
Active
1902 Reynolds AVE North Charleston, SC 29405
4,791 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,791 sqft
Price per Sqft $208
MLS Listing ID 31009613
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Retail
Property Description
1902 Reynolds Avenue is a +/-2,578 SF freestanding Retail/Convenience store. This property presents an investment opportunity offering a stable, long-term income streamwith a 10-year lease in place through August 31, 2032, providing approximately six years of remaining term at a current rental rate of$5,500 per month. The lease includes two five-year renewal options, offering the potential for occupancy through 2042, with 10% rental increases to $6,050 and $6,655 per month, respectively. The lease structure provides limited landlord responsibilities, with the tenant responsible for utilities and nearly all maintenance and repairs. Thecombination of contractual rent growth, long-term occupancy potential, and minimal ownership obligations makes the property anattractive opportunity for investors seeking durable cash flow. Strategically located along Reynolds Avenue, an established commercialcorridor in North Charleston, near the highly desirable Park Circle area and former Charleston Naval Base.
Location
State SC
County Charleston
Zoning City of North Charleston - B-2 - General Business District
Exterior
Parking Features Surface
Listed by Gina Gilden • NAI Charleston, LLC
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
QUICK SEARCH