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    942 Savannah Hwy Charleston, SC 29407

    Sponsored
    For Sale
    $825,000

    Prime Savannah Hwy location, redevelopment potential.

    Property size:
    1,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,260 square foot storefront, located at 942 Savannah Hwy in Charleston, SC 29407, presents a compelling investment opportunity. Currently classified as a Class B property, built in 1954, it sits on a 0.14-acre lot and boasts a highly visible corner location along Savannah Highway, a corridor with 36,600 vehicles per day. The property's GB zoning allows for redevelopment, making it ideal for investors seeking to capitalize on the strong retail synergy in the Avondale neighborhood, just 2.5 miles from downtown Charleston. The existing building, easily adaptable for retail or office use, is currently occupied by a short-term tenant with a lease expiring November 30, 2023. The asking price is $825,000, translating to $654.76 per square foot. The property's single-story structure offers significant potential for expansion or assemblage with adjacent properties to increase the redevelopment footprint. This is a rare chance to acquire a strategically located asset in a thriving Charleston neighborhood. The property features existing signage and excellent visibility, ensuring strong brand recognition for future tenants. The parcel's APN is 4181300192.

    Property Features for 942 Savannah Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,260 SF
    Class
    B
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1954
    Buildings
    1
    Stories
    1

    HighLights

    • Short‑term tenant in place, lease expiring 11/31/2023.
    • Assemblage potential for increased redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arcanna Dispensary - THC, ... Cannabis Store Vo Don Custom ... Picture Frame Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.992539801074
    Latitude
    32.78342498381

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    FAQs

    What type of property is this?
    Individual retail property - Prime Savannah Hwy location, redevelopment potential.
    Where is this individual retail property located?
    The property is located at 942 Savannah Hwy Charleston, SC.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: Short-term tenant in place, lease expiring 11/31/2023.; Assemblage potential for increased redevelopment potential.;
    Request Owner's contact information
    942 Savannah Hwy Charleston, SC 29407
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    942 Savannah Hwy Charleston, SC 29407
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