Conditioned Flex
For Sale
Contact for pricing
69 Jessamine Ave. #2507 N Fraser Street 2507 N Fraser Street, Georgetown, SC 29440
Versatile commercial facility with showroom, office, warehouse, and distribution functionality under General Commercial zoning.
Property Size22,000 SF
Lot Size2.70 Acres
Price / SF$1.20
Days on Market48
Property Features for 69 Jessamine Ave. #2507 N Fraser Street 2507 N Fraser Street
General Information
Standard status
Active
Size
22,000 SF
Lot size
2.70 Acres
Zoning
GC
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Span
Yes
Mezzanine
2,000 SF
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Building Details
Buildings
1
Stories
1
Building Size
22,000 SF
Construction
metal building
Listing Agency:
NAI The Litchfield Company
Listed By:
Abernethy & Jones Commercial Group · License #1033
(843) 979-6754
Source:
Edgarwilson
Added: Sep 1
Changed: Oct 3
Last Checked: Oct 16 at 9:06AM
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 The Litchfield Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes approximately 20,000 SF on the main level and a 2,000 SF mezzanine within a fully conditioned building. The free-span metal structure features high eave heights, supporting adaptable interior arrangements across showroom, office, warehouse, and distribution areas. 3-phase power is installed, and the site includes substantial parking along with a rear area designed for semi-truck maneuvering.
The property occupies ±2.7 acres under General Commercial (GC) zoning along N Fraser Street, identified as US Hwy 701. Its highway-oriented position provides visibility and signage exposure, while the site layout accommodates customer and employee parking. Remaining land offers room for expansion or a fenced laydown area for equipment, materials, storage, or contractor operations.
The property occupies ±2.7 acres under General Commercial (GC) zoning along N Fraser Street, identified as US Hwy 701. Its highway-oriented position provides visibility and signage exposure, while the site layout accommodates customer and employee parking. Remaining land offers room for expansion or a fenced laydown area for equipment, materials, storage, or contractor operations.
Key Highlights
- ±2.7 acres with General Commercial (GC) zoning
- 20,000 SF main level plus 2,000 SF mezzanine
- Fully conditioned free‑span metal building with high eave heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,921
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,638,420
$2.6M
Cap Rate 7%
$1,884,586
$1.9M
Cap Rate 9%
$1,465,789
$1.5M
Market Conditions
NOI Build-Up for 21,330 SF
Gross rent
$202.2K $9.48/SF
− Vacancy
−$13.8K −$0.64/SF
EGI
$188.5K $8.84/SF
− OpEx
−$56.5K −$2.65/SF
NOI
$131.9K $6.18/SF
Area
Georgetown County, SC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,638,420
Cap Rate 7%
$1,884,586
Cap Rate 9%
$1,465,789
Alternative Uses
Best Use
Flex RnD
$2.91M
$2.55M – $3.40M
NOI $204,018 @ 7.0% cap · market cap 794.87%
Second Best
Warehouse
$2.23M
$1.96M – $2.61M
NOI $156,408 @ 7.0% cap · market cap 609.37%
Theoretical Best
Office A
$5.85M
$5.12M – $6.83M
NOI $409,536 @ 7.0% cap · market cap 1,595.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29440, SC
27,451
Population
13,845
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
89%
High-School Grad
523.1 sq mi
ZIP Area
52
Density / Sq Mi
$54,926
Median Household Income
$33,636
Median Earnings
$912
Median Rent
$160,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Smiths Concierge Services llc — 1715 Hampton St, Georgetown, SC 29440
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility with showroom, office, warehouse, and distribution functionality under General Commercial zoning.
Where is this flex space located?
The property is located at 69 Jessamine Ave. #2507 N Fraser Street 2507 N Fraser Street Georgetown, SC.
What are key features of this property?
This property features: ±2.7 acres with General Commercial (GC) zoning; 20,000 SF main level plus 2,000 SF mezzanine; Fully conditioned free‑span metal building with high eave heights
