High-Traffic Retail
For Sale
$850,000
6932 Rivers Ave, North Charleston, SC 29406
Located along Rivers Ave in a high-volume commercial corridor with flexible zoning for varied commercial uses.
Property Size3,600 SF
Days on Market81
Property Features for 6932 Rivers Ave
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Retail
Additional Details
Traffic Count
54,800 vehicles/day
Building Details
Building Size
3,600 SF
Listing Agency:
Coldwell Banker Commercial Atlantic
Listed By:
Brent Case
(843) 725-6255
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 11
Last Checked: Oct 12 at 5:03PM
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 Coldwell Banker Commercial Atlantic
Investment Insights
Based on property information with market context.
This retail space is located at 6932 Rivers Ave in North Charleston, South Carolina. The property is positioned along a heavily traveled commercial corridor and is presented with zoning that supports a range of commercial uses. Buyers should verify zoning allowances for their intended use.
Traffic volume is reported at 54,800 VPD for 2022, supporting the site's prominent roadside exposure and accessibility. The property offers a commercial setting for businesses seeking a presence along Rivers Ave, with its use potential subject to confirmation of applicable zoning requirements.
Traffic volume is reported at 54,800 VPD for 2022, supporting the site's prominent roadside exposure and accessibility. The property offers a commercial setting for businesses seeking a presence along Rivers Ave, with its use potential subject to confirmation of applicable zoning requirements.
Key Highlights
- Retail space at 6932 Rivers Ave, North Charleston, SC 29406
- Reported traffic count of 54,800 VPD in 2022
- Flexible zoning described as allowing a range of commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,731
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,620
$834.6K
Cap Rate 7%
$596,157
$596.2K
Cap Rate 9%
$463,678
$463.7K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$64.8K $18.00/SF
− Vacancy
−$5.2K −$1.44/SF
EGI
$59.6K $16.56/SF
− OpEx
−$17.9K −$4.97/SF
NOI
$41.7K $11.59/SF
Area
North Charleston, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,620
Cap Rate 7%
$596,157
Cap Rate 9%
$463,678
Alternative Uses
Best Use
Retail
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$977.6K
$855.4K – $1.14M
NOI $68,429 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
54,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 29406, SC
32,730
Population
14,542
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
82%
High-School Grad
15.3 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,640
Median Household Income
$36,741
Median Earnings
$1,305
Median Rent
$209,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Located along Rivers Ave in a high-volume commercial corridor with flexible zoning for varied commercial uses.
Where is this retail space located?
The property is located at 6932 Rivers Ave North Charleston, SC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Retail space at 6932 Rivers Ave, North Charleston, SC 29406; Reported traffic count of 54,800 VPD in 2022; Flexible zoning described as allowing a range of commercial uses
