Downtown Mixed-Use
For Sale
Contact for pricing
209 E 3rd North Street, Summerville, SC 29483
Mixed-use downtown asset in Summerville’s historic district, positioned catty-corner to La Rustica.
Property Size881 SF
Price / SF$510.78
Days on Market55
Property Features for 209 E 3rd North Street
General Information
Standard status
Active
Size
881 SF
Property subtype
Mixed Use, Office, Multifamily, Retail
Building Details
Year Built
1980
Listing Agency:
Carolina One Real Estate Summerville
(843) 452-6393
Listed By:
Michael Sally · License #40753
Source:
Crexi
Added: Jun 12
Changed: Jul 10
Last Checked: Aug 1 at 5:15PM
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 Carolina One Real Estate Summerville
Investment Insights
Based on property information with market context.
This for-sale downtown mixed-use property at 209 E 3rd North Street offers a compact footprint of 881 square feet. Located directly in Summerville’s historic district, the property is positioned for convenient, walkable access to nearby street-level commerce and dining.
The building sits catty-corner to La Rustica, placing it in a highly visible retail and restaurant setting within the historic core. The immediate surroundings support an urban, pedestrian-oriented experience, with local activity concentrated close to the property.
For buyers and operators, this asset can fit a range of live-or-invest strategies consistent with its mixed-use positioning in the historic district. Its location near established dining and retail makes it a practical consideration for those seeking a downtown presence in Summerville’s central, walkable area.
The building sits catty-corner to La Rustica, placing it in a highly visible retail and restaurant setting within the historic core. The immediate surroundings support an urban, pedestrian-oriented experience, with local activity concentrated close to the property.
For buyers and operators, this asset can fit a range of live-or-invest strategies consistent with its mixed-use positioning in the historic district. Its location near established dining and retail makes it a practical consideration for those seeking a downtown presence in Summerville’s central, walkable area.
Key Highlights
- Year built: 1980
- Mixed‑use downtown asset in Summerville’s historic district
- Located catty‑corner to La Rustica
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.2k | $29.76 |
| − Vacancy | −$2.9k | −$3.27 |
| EGI | $23.3k | $26.49 |
| − OpEx | −$5.8k | −$6.62 |
| NOI | $17.5k | $19.86 |
881 SF · lease $29.76/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$250.0K
$218.8K – $291.7K
NOI $17,501 @ 7.0% cap · market cap 3.89%
Second Best
Retail
$195.7K
$171.2K – $228.3K
NOI $13,697 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$659.3K
$576.9K – $769.2K
NOI $46,152 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use downtown asset in Summerville’s historic district, positioned catty-corner to La Rustica.
Where is this mixed-use property located?
The property is located at 209 E 3rd North Street Summerville, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Year built: 1980; Mixed‑use downtown asset in Summerville’s historic district; Located catty‑corner to La Rustica
