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    OFF-MARKET
    Land

    462 Lowcountry Dr / Hwy, Ridgeland, SC 29936

    73 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 73 ac (3,179,880 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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