The Commissioners of Public Works of the City of Charleston is accepting sealed bids for Parcel 8, Hwy 78 | North Charleston, SC 29406. The real estate property will be sold per terms and conditions set forth in the bid package IFB #1917 on avisonyoung.com/charleston. Bids are due and will be publicly opened and read aloud at 103 St. Philip Street, Charleston, SC 29403, October 10, 2019 at 2:00 PM. The property is sold "AS IS". The property is identified by Charleston County Tax Map ID "487-00-00-002".You can access the Bid Package through the FTP site: ftp.charlestoncpw.comUsername: ecguest (case sensitive)Password: waterBlue House Commons Park has three remaining business lots for sale. The lots are zoned General Business and water, sewer, and electricity are on site. The business park is located just off I-26 and Hwy 78, exit 205 A, with easy access via the lighted intersection. The part includes two high end apartment complexes and one medical office building under construction.
| Acres | 3.57 |
| City Name | North Charleston |
| County | Charleston |
| State | SC |
| Property Type | Land |
| Postal Code | 29406 |
| Landsize Units | 3.5700Acre |
| Status | Active |
| Parcel Number | 487-00-00-002 |
| Title | Parcel 8, 0 Hwy 78 | Blue House Commons |
| Zoning | City of North Charleston - B-2 - General Business District |
Listed by: Avison Young - South Carolina Inc
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.
