14 Farmfield AveCharleston, SC 29407

Property Details for 14 Farmfield Ave

Year built

1980

Lot size

0.79 AC

Property size (Sq ft)

9,924 SF

Property type

Office buildings

APN

349-08-00-021

APU

3490800021

Description

This 9,924-square-foot freestanding Class B office building is situated on a 0.79-acre lot in West Ashley, Charleston, South Carolina, at 14 Farmfield Avenue, zip code 29407. The property, currently owner-occupied but vacant at closing, offers 58 surface parking spaces. The building features 11 offices, 12 exam rooms, a large reception area, six restrooms, and a spacious breakroom/kitchenette. It's ideally located just off Highway 17, behind a Whole Foods-anchored shopping center, within the Charleston Professional Park. Nearby tenants include notable medical practices and businesses such as LabCorp, Lowcountry OBGYN, Lowcountry Eye Care, Sweetgrass Pediatrics, and Cutler Animal Hospital. The property boasts a monument sign at the entrance and includes solar panels that will transfer to the new owner. The asking price is $2,750,000, translating to $277.11 per square foot. The property is zoned for General Business use by the City of Charleston and its APN is 349-08-00-021. This versatile building is suitable for various uses, including executive and medical offices, given its existing layout and prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $896,895

  6.5%

  $827,903

  7%

  $768,767

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,274,500

  Geo Method

  $1,680,530

• Alternative Use

  Use

  Valuation

  Residential

  $1,026,599

  Hospitality

  $940,360

  Educational

  $782,368

  Medical

  $809,275

  Retail

  $1,217,017

Location Insight

City

Charleston

County

Charleston

State

South Carolina

Latitude

32.7819

Longitude

-79.9947

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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