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Property profile & analytics
OFF-MARKET Estimated value $2,850,000
Commercial real estate

162 Ashley Ave Charleston, SC 29425-8907

3,765 SF 0.25 ac lot Built 1987
Individually Owned 13-yr Hold ~ Est. High Equity
Property ID
US77-2846002
Property summary
AI-generated overview

This exceptional 8,872 square foot office building, located in the heart of Charleston, South Carolina, presents a unique opportunity for a single tenant. Situated on the Medical University of South Carolina campus and adjacent to the MUSC Rutledge Tower, this property boasts an ideal location with excellent visibility and accessibility. Built in 1985, the two-story building offers ample on-site parking with 17 spaces. Currently entirely vacant, the space is immediately available for lease, catering to both short-term and long-term tenants. Previously used as administrative space, the building is perfectly suited for professional office or clinical use. The property's layout allows for potential subdivision down to approximately 3,000 square feet, offering flexibility to suit various business needs. Enjoy convenient access to major highways, US-17 and I-26, and a wealth of nearby amenities including restaurants, cafes, and pharmacies. Its proximity to MUSC and Roper Hospitals further enhances its appeal. This is a rare opportunity to secure a prominent office space in a thriving Charleston location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1987
Total area 3,765 SF
Lot 0.25 ac (10,890 SF)
APN 460-15-04-061
UPID US77-2846002
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
Current use
Occupant on record · Public records
  • Parking Garage Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.88M
Blend (final) Blend
$2.85M
Owner & transaction history
Cottages Acquisitions L Senior · 13 yrs held
Cottages Acquisitions L Senior
since 2012
7 recorded transactions
2024
Price N/A
2024
Price N/A
2018
Price N/A
2012
$2.0M
2007
$3.3M
2006
$2.5M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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