Government-Leased Office
For Sale
$600,000
501 Nelson Boulevard, Kingstree, SC 29556
Outpatient office facility with a renewing government lease and Highway Commercial zoning.
Property Size5,995 SF
Lot Size1.10 Acres
Price / SF$100.08
Days on Market91
Property Features for 501 Nelson Boulevard
General Information
Standard status
Active
Size
5,995 SF
Class
B
Lot size
1.10 Acres
Property subtype
Office
Zoning
HC - Highway Commercial
Net Operating Income
$47,667
Financials
Cap Rate
7.94%
Gross Income
$69,000
Building Details
Building Size
5,995 SF
Buildings
1
Tenancy
Single
Listing Agency:
NAI Charleston
(843) 364-3796
Listed By:
Will Sherrod, CCIM · License #79410
Source:
Naicharleston
Added: Jun 1
Changed: Aug 30
Last Checked: Aug 30 at 11:02AM
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 NAI Charleston
Investment Insights
Based on property information with market context.
This ±5,995-square-foot office building occupies approximately ±1.1 acres and is leased to Waccamaw Center for Mental Health, an outpatient facility operated by the South Carolina Department of Mental Health. The tenancy has continued for 18 years, providing an established operating history for the property.
A new five-year lease term is scheduled to begin June 1, 2023. The property is classified HC - Highway Commercial and is located in Williamsburg County. The stated lease economics include a 7.94% cap rate, with gross rents and operating expenses excluded from this summary.
A new five-year lease term is scheduled to begin June 1, 2023. The property is classified HC - Highway Commercial and is located in Williamsburg County. The stated lease economics include a 7.94% cap rate, with gross rents and operating expenses excluded from this summary.
Key Highlights
- ±5,995 SF office building on ±1.1 AC
- Leased to Waccamaw Center for Mental Health for 18 years
- Tenant is an outpatient facility of the South Carolina Department of Mental Health
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 29556, SC
11,530
Population
5,660
Households
2
Avg Household Size
44
Median Age
17%
College-Educated
84%
High-School Grad
172.9 sq mi
ZIP Area
67
Density / Sq Mi
$42,413
Median Household Income
$36,883
Median Earnings
$703
Median Rent
$100,700
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?
Office building - Outpatient office facility with a renewing government lease and Highway Commercial zoning.
Where is this office building located?
The property is located at 501 Nelson Boulevard Kingstree, SC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: ±5,995 SF office building on ±1.1 AC; Leased to Waccamaw Center for Mental Health for 18 years; Tenant is an outpatient facility of the South Carolina Department of Mental Health
