5550 Rivers Ave, North Charleston, SC
Renovated showroom and warehouse space on high-traffic Rivers Avenue.
- Added:
- Aug 25, 2025
- Days on Market:
- 316
- Last Refresh:
- May 20 at 8:29 pm
Property Features for 5550 Rivers Ave
General Information
- Standard status
- Active
- Size
- 22,000 SF
- Lot size
- 0.76 Acres
- Property subtype
- RETAIL
Properties For Sale
at 5550 Rivers Ave Contact usListing office Coldwell Banker Commercial | Atlantic (843) 478-9594
Listing date Aug 25, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial | Atlantic
HighLights
- High‑traffic location on Rivers Avenue with excellent visibility and ample on‑site parking.
- 22,000 sq ft of space, including a recently renovated showroom (approximately 80% of the total space).
- B‑2 General Business District zoning with split‑zoning (internal use: yes) allowing for a wide range of commercial uses.
- Rare opportunity: First time available in 60 years.
- Positioned on 0.75 acres.
- Located within the Upper 52‑78 Overlay District, enhancing redevelopment and expansion potential.
Overview
Local 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 | $396.0k | $18.00 |
| − Vacancy | −$31.7k | −$1.44 |
| EGI | $364.3k | $16.56 |
| − OpEx | −$109.3k | −$4.97 |
| NOI | $255.0k | $11.59 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Mark's Carpet Installation and Repairs — 38 monte sano dr, hanahan, sc 29410
Location Insight
- Map
- Local Demand
- City
- North Charleston
- County
- Dorchester
- State
- South Carolina
- Longitude
- -80.0479
- Latitude
- 32.9007