Located in Park Circle, 4515 Spruill Avenue includes surplus land plus an existing 3,300 sf building. Adjacent to the intersection of Spruill and Buist Avenue, and Rugheimer Avenue, the property is within walking distance to the Park Circle business district, local breweries and restaurants, retail, the Park Circle residential neighborhoods and Quarterman Lake Park, known to locals as the Duck Pond. The existing building is currently leased to an autism care company, previously used as a dentist's office. The property is large enough for the development of an additional building(s) which adds flexibility and several options for consideration.- Renovate the existing building when the current lease expires and build a new commercial building on the surplus land.- Keep the building leased and build a new building. - Renovate the existing building and building a single family home on the surplus land.
| City Name | North Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29405 |
| Square Feet | 3300 SF |
| Landsize Units | 0.6400Acre |
| Status | Active |
| Parcel Number | 4700700179 |
| Title | For Sale - 4515 Spruill Avenue - 0.64 Acre Site |
| Zoning | City of North Charleston - B-2 - General Business District |
Listed by: Cityvolve Commercial Realty LLC
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.
