Freestanding Drive-Through
For Sale
Contact for pricing
2563 ASHLEY RIVER RD CHARLESTON SC 29414-4606, Charleston, SC 29414
Freestanding restaurant building with Village Commercial zoning and an established location on Ashley River Road.
Property Size3,109 SF
Price / SF$418.14
Days on Market87
Property Features for 2563 ASHLEY RIVER RD CHARLESTON SC 29414-4606
General Information
Standard status
Active
Size
3,109 SF
Property subtype
Retail, Office
Zoning
Charleston County - Ashley River Road Corridor Overlay Zoning District - Village Commercial
Site & Location
Frontage
145 ft
Drive-Thru
Yes
Road Access
Yes
Building Details
Year Built
1988
Buildings
1
Listing Agency:
National Restaurant Properties Charleston
Listed By:
Mandy Coleman · License #SC 49066
Source:
Crexi
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 14 at 8:43PM
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 National Restaurant Properties Charleston
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Investment Insights
Based on property information with market context.
This freestanding former restaurant building includes an existing drive-through and measures 3,109 square feet. Constructed in 1988, the property is positioned at the intersection of Ashley River Road and Old Parsonage. A deed restriction excludes national burger chains from the site.
The property offers 145 feet of frontage on Ashley River Road, where reported traffic exceeds 18,000 vehicles per day. Charleston County’s Ashley River Road Corridor Overlay Zoning District—Village Commercial applies to the property. A new fire station and park are being developed across the street, adding planned public improvements to the immediate setting.
The property offers 145 feet of frontage on Ashley River Road, where reported traffic exceeds 18,000 vehicles per day. Charleston County’s Ashley River Road Corridor Overlay Zoning District—Village Commercial applies to the property. A new fire station and park are being developed across the street, adding planned public improvements to the immediate setting.
Key Highlights
- Freestanding former restaurant with an existing drive‑through
- 145 feet of frontage on Ashley River Road
- Reported traffic volume exceeds 18,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,307
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,140
$1.0M
Cap Rate 7%
$718,671
$718.7K
Cap Rate 9%
$558,967
$559.0K
Market Conditions
NOI Build-Up for 3,109 SF
Gross rent
$72.8K $23.40/SF
− Vacancy
−$5.7K −$1.83/SF
EGI
$67.1K $21.57/SF
− OpEx
−$16.8K −$5.39/SF
NOI
$50.3K $16.18/SF
Area
Charleston, SC
Vacancy
7.80%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,140
Cap Rate 7%
$718,671
Cap Rate 9%
$558,967
Alternative Uses
Best Use
Specialty Retail
$718.7K
$628.8K – $838.5K
NOI $50,307 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$841.3K
$736.2K – $981.6K
NOI $58,894 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
Circle K
Shops & Services
7,719 visits/mo
0.1 miles
Pizza Hut
Dining
2,290 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
2,276 visits/mo
0.1 miles
Jiffy Lube
Shops & Services
1,666 visits/mo
0.3 miles
Demographics for 29414, SC
45,150
Population
20,209
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
49.0 sq mi
ZIP Area
921
Density / Sq Mi
$91,976
Median Household Income
$53,535
Median Earnings
$1,639
Median Rent
$380,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Charleston, SC
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant building with Village Commercial zoning and an established location on Ashley River Road.
Where is this drive through restaurant located?
The property is located at 2563 ASHLEY RIVER RD CHARLESTON SC 29414-4606 Charleston, SC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Freestanding former restaurant with an existing drive‑through; 145 feet of frontage on Ashley River Road; Reported traffic volume exceeds 18,000 vehicles per day
