Manufacturing Property with Existing
122 Parsons Road, Summerville, SC 29483
For Sale
Contact for pricing
Light Industrial zoning accommodates a broad mix of uses, including manufacturing, warehousing, medical, retail, and hospitality.
Property Size9,305 SF
Lot Size8.32 Acres
Price / SF$483.61
Days on Market33
Property Features for 122 Parsons Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Land Use
Building Details
Buildings
Building Size
Listing Agency:
Pratt & Co
Listed By:
Brett Rashtchian · License SC #91089
(843) 767-7777
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 5:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pratt & Co
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Investment Insights
Based on property information with market context.
The 8.32-acre site is cleared and includes a 9,305-square-foot existing facility. Water, sewer, and electric service are connected. An electrician has confirmed that heavy power can be delivered to the building. The property is zoned Light Industrial under the Town of Summerville’s UDO, which allows a range of uses, including manufacturing, warehousing, distribution, medical facilities, retail, hotels, RV parks, and self-storage. A PUD approval process may also be pursued.
At 122 Parsons Road in Summerville, the property is 2 miles from I-26 Exit 197 and 12 miles from Camp Hall. Volvo and Charleston International Airport are each 13 miles away. The Hugh Leatherman terminal is 26 miles distant, the North Charleston Terminal is 22 miles away, and downtown Charleston is 25 miles away. The site comprises two parcels, TMS# 137-01-00-004 and 137-01-00-005.
At 122 Parsons Road in Summerville, the property is 2 miles from I-26 Exit 197 and 12 miles from Camp Hall. Volvo and Charleston International Airport are each 13 miles away. The Hugh Leatherman terminal is 26 miles distant, the North Charleston Terminal is 22 miles away, and downtown Charleston is 25 miles away. The site comprises two parcels, TMS# 137-01-00-004 and 137-01-00-005.
Key Highlights
- Approximately 8.32 acres of cleared industrial‑zoned land
- Existing 9,305 SF facility
- Connected water, sewer, and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,668
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,893,360
$2.9M
Cap Rate 7%
$2,066,686
$2.1M
Cap Rate 9%
$1,607,422
$1.6M
Market Conditions
NOI Build-Up for 9,305 SF
Gross rent
$215.5K $23.16/SF
− Vacancy
−$8.8K −$0.95/SF
EGI
$206.7K $22.21/SF
− OpEx
−$62.0K −$6.66/SF
NOI
$144.7K $15.55/SF
Area
Dorchester County, SC
Vacancy
4.10%
Lease Rate
$23.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,893,360
Cap Rate 7%
$2,066,686
Cap Rate 9%
$1,607,422
Alternative Uses
Best Use
Industrial
$2.07M
$1.81M – $2.41M
NOI $144,668 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.96M
$6.09M – $8.12M
NOI $487,452 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
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Business Placement
Demographics for 29483, SC
56,778
Population
23,133
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
53.3 sq mi
ZIP Area
1,065
Density / Sq Mi
$82,194
Median Household Income
$42,929
Median Earnings
$1,220
Median Rent
$303,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Light Industrial zoning accommodates a broad mix of uses, including manufacturing, warehousing, medical, retail, and hospitality.
Where is this manufacturing property located?
The property is located at 122 Parsons Road Summerville, SC.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 8.32 acres of cleared industrial‑zoned land; Existing 9,305 SF facility; Connected water, sewer, and electric service
