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    Metropolitan Ave Summerville, SC 29486

    For Lease
    $37 SF/Yr

    Prime Summerville retail & restaurant opportunity.

    Lot size:
    156,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail and restaurant opportunity is located in the vibrant Downtown Nexton development in Summerville, South Carolina. The property, situated on a substantial 4,500-acre lot, offers a total of 156,600 square feet of leasable space across ten suites, currently entirely vacant. Spaces range from a minimum of 3,000 square feet to a maximum contiguous space of 44,000 square feet, providing flexibility for various business needs. The development boasts high visibility from Sigma Drive and is poised to become the highest concentration of commercial space within Nexton. This is a chance to secure a prominent location in a rapidly growing, mixed-use community that blends city convenience with the charm of Lowcountry living. The project is currently under construction, with anticipated completion in the first quarter of 2024. This prime location offers unparalleled access to a thriving residential community and benefits from the planned amenities and infrastructure of Downtown Nexton, including a main street designed to foster a vibrant and walkable environment. The surrounding area is planned for further development, including multifamily, restaurant, and hotel projects, ensuring a strong and growing customer base. This is an exceptional opportunity to establish a presence in a dynamic and highly sought-after location. The property is located in Dorchester County, South Carolina, with a Summerville address on Metropolitan Avenue, zip code 29486.

    Property Features for 0 Metropolitan Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    156,600 SF
    Total Rate
    482850

    Unit(s) available at that property

    Space
    Building 1A
    Size
    3,000 SF
    Rate per SF
    $37
    Space
    Building 1D
    Size
    14,000 SF
    Space
    Building 2
    Size
    6,400 SF
    Rate per SF
    $47
    Space
    Future Building 5B
    Size
    12,500 SF
    Rate per SF
    $37
    Space
    Building 1A
    Size
    44,000 SF
    Space
    Building 1B
    Size
    10,000 SF
    Rate per SF
    $47
    Space
    Future Building 5A
    Size
    12,000 SF
    Rate per SF
    $37
    Space
    Building 1E
    Size
    37,200 SF
    Space
    5A/5B
    Size
    10,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.153258
    Latitude
    33.0500777

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    FAQs

    What type of property is this?
    Restaurant - Prime Summerville retail & restaurant opportunity.
    Where is this restaurant located?
    The property is located at Metropolitan Ave Summerville, SC.
    What is the lease rate?
    The lease rate is $0.00-$47 SF/Yr.
    Request Owner's contact information
    Metropolitan Ave Summerville, SC 29486
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    Summerville, SC 29486
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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
    Metropolitan Ave Summerville, SC 29486
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