Retail Space in Redeveloping
For Sale
Contact for pricing
3315 Rivers Avenue, North Charleston, SC 29405
Retail space with redevelopment potential in a prime location.
Property Size8,000 SF
Price / SF$156.25
Days on Market67
Property Features for 3315 Rivers Avenue
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Retail
Listing Agency:
KW Commercial
(843) 767-7777
Listed By:
Jillian Weatherford, CCIM · License #121502
Source:
Crexi
Added: May 25
Changed: Jul 10
Last Checked: Jul 24 at 4:32PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This retail space is located in an area undergoing redevelopment with new restaurants and attractions. The property offers an opportunity to invest before potential price increases. The initial lease term has 3 years remaining, with one 5-year option available. The property is situated in an excellent location on Rivers Avenue.
Key Highlights
- Excellent location at the intersection of Cosgrove, Rivers, and Reynolds
- Redeveloping area with popular
Financial Insights For Retail
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 | $144.0k | $18.00 |
| − Vacancy | −$11.5k | −$1.44 |
| EGI | $132.5k | $16.56 |
| − OpEx | −$39.7k | −$4.97 |
| NOI | $92.7k | $11.59 |
8,000 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,064 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
AutoZone
Shops & Services
3,781 visits/mo
0.1 miles
Captain D's
Dining
3,468 visits/mo
0.0 miles
Demographics for 29405, SC
25,620
Population
13,058
Households
2
Avg Household Size
37
Median Age
27%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$54,566
Median Household Income
$35,887
Median Earnings
$1,196
Median Rent
$266,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with redevelopment potential in a prime location.
Where is this retail space located?
The property is located at 3315 Rivers Avenue North Charleston, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Excellent location at the intersection of Cosgrove, Rivers, and Reynolds; Redeveloping area with popular
