942 Savannah HwyCharleston, SC 29407

Property Details for 942 Savannah Hwy

Year built

1954

Lot size

0.13 AC

Property size (Sq ft)

1,260 SF

Property type

Other commercial real estate

APN

418-13-00-192

APU

4181300192

Description

This 1,260 square foot storefront, located at 942 Savannah Hwy in Charleston, SC 29407, presents a compelling investment opportunity. Currently classified as a Class B property, built in 1954, it sits on a 0.14-acre lot and boasts a highly visible corner location along Savannah Highway, a corridor with 36,600 vehicles per day. The property's GB zoning allows for redevelopment, making it ideal for investors seeking to capitalize on the strong retail synergy in the Avondale neighborhood, just 2.5 miles from downtown Charleston. The existing building, easily adaptable for retail or office use, is currently occupied by a short-term tenant with a lease expiring November 30, 2023. The asking price is $825,000, translating to $654.76 per square foot. The property's single-story structure offers significant potential for expansion or assemblage with adjacent properties to increase the redevelopment footprint. This is a rare chance to acquire a strategically located asset in a thriving Charleston neighborhood. The property features existing signage and excellent visibility, ensuring strong brand recognition for future tenants. The parcel's APN is 4181300192.

• Alternative Use

  Use

  Valuation

  Residential

  $130,342

  Hospitality

  $119,393

  Educational

  $99,333

  Medical

  $102,750

  Retail

  $154,518

Location Insight

City

Charleston

County

Charleston

State

South Carolina

Latitude

32.7834

Longitude

-79.9923

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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