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 Market21
Property Features for 2563 ASHLEY RIVER RD CHARLESTON SC 29414-4606
General Information
Standard status
Active
Size
3,109 SF
Property subtype
Retail
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: Aug 8
Last Checked: Aug 8 at 1:01PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,307
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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
Market
Vacancy Rate% for Retail in Charleston, SC
Questions? Ask Rey
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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
