Two-story building for sale with 23 on-site parking spaces. First floor (occupied by the seller) is turn-key medical office space with 6 exam rooms, a reception area, general work area, two restrooms and a kitchenette. Second floor is elevator-served general office space and currently leased to Charleston School of Music. 191 Rutledge Avenue is situated between the peninsula's Medical District and College of Charleston. Just blocks from Spring Street and King Street, two of downtown''s main thoroughfares bustling with activity. Approximately 1 mile to the new WestEdge development which includes Publix among other retail, office space and apartments.
| Area | Peninsula Charleston Inside of Crosstown |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29403 |
| Date Modified | 2019-09-27T08:11:09 |
| Property Status | Existing |
| Status | Pending/Contingent |
| Title | Free Standing Medical Office Building for Sale |
Listed by: NAI Charleston, LLC | 843-720-4944
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.
