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    462 Lowcountry Dr / Hwy Ridgeland, SC 29936

    For Sale
    $475,000

    Historic Elkhart Office, 962 SF Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Franklin Station offers a unique opportunity to lease 962 square feet of renovated office space in a historic two-story building located within Elkhart's Central Business District (CBD). This single-tenant space, situated on the second floor, boasts bright windows overlooking Centennial Park, providing abundant natural light. The unit features high ceilings (10 feet) and an open floor plan, complemented by one large executive office, ideal for a variety of business needs. Built in 1865, the building has undergone a full remodel of this specific unit. The lease is a full gross lease, meaning all utilities (electric, gas, water, and sewer) are included in the monthly rent, excluding internet, data, and phone services. The monthly utility allowance is $250. The lease rate is $16.85 per square foot. Convenient on-site parking is available, supplemented by street parking and a public parking lot across the street. The building also includes an elevator for easy access. The building's anchor tenant, 1st Source Bank, has occupied the building for over three decades, demonstrating the stability and desirability of this location. The total building size is 16,750 square feet, and the building is classified as Class B. This property is zoned for CBD use, offering excellent visibility and accessibility within the heart of Elkhart's business district.

    Property Features for 462 Lowcountry Dr / Hwy

    General Information

    Property type
    Land
    Lot Size
    3,179,880 SF

    HighLights

    • Retail and office property totaling 16,750 square feet.
    • Single‑tenant occupancy.
    • 962 square feet of vacant, second‑floor office space available.
    • Class B building, built in 1865, located in the Central Business District (CBD).
    • $16.85 per square foot lease rate, including utilities (except internet, data, and phone); $250 monthly utility allowance.
    • On‑site parking available, plus street parking and a public lot across the street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ridgeland
    County
    Jasper
    State
    South Carolina
    Longitude
    -80.8966016
    Latitude
    32.4595865

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    FAQs

    What type of property is this?
    Land - Historic Elkhart Office, 962 SF Available
    Where is this land located?
    The property is located at 462 Lowcountry Dr / Hwy Ridgeland, SC.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Retail and office property totaling 16,750 square feet.; Single-tenant occupancy.; 962 square feet of vacant, second-floor office space available.
    Request Owner's contact information
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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
    462 Lowcountry Dr / Hwy Ridgeland, SC 29936
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