462 Lowcountry Dr / Hwy, Ridgeland, SC 29936
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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