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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    1910 Mcmillan Ave, North Charleston, SC 29405

    12,895 SF 0.94 ac lot Built 1990
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US77-0869405
    Property summary
    AI-generated overview

    This exceptional 13,000-square-foot retail building, situated on 0.94 acres at 1910 McMillan Avenue in North Charleston, South Carolina (zip code 29418), presents a compelling investment opportunity. The property, built in 2022 and boasting a completely new roof, is zoned B-2 General Business by the City of North Charleston, allowing for diverse uses. Recent renovations totaling $546,000 include significant fixtures, finishes, and tenant improvements. The building features 15 rooms, including 8 for children under 30 months and 6 for older children, plus an auditorium. It also includes an ADT security system. The property benefits from its strategic location in a rapidly growing area near the Charleston Naval Base and Shipyard, adjacent to a proposed Low Country Rapid Transit terminal, and along a key corridor connecting Cosgrove and Rivers Avenues. This prime location is part of a planned mixed-use development incorporating retail, office, residential, and green spaces. While previously operating as a daycare with a DSS license (for two-year-olds), and a capacity of 300 children (with a historical maximum of 189), the flexible zoning allows for various business ventures. The sale includes a website and eight employees may be willing to continue their employment. The building and business are insured for $2 million. The property's APN is 469-07-00-007. This is an ideal opportunity for an investor seeking high-growth potential in a dynamic location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1990
    Total area 12,895 SF
    Lot 0.94 ac (40,946 SF)
    APN 469-07-00-007
    UPID US77-0869405
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.68M
    Comparable Approach Comparable
    $2.68M
    Blend (final) Blend
    $2.13M
    Owner & transaction history
    1910 Mcmillan LP · 4 yrs held
    1910 Mcmillan LP
    since 2021
    Last sale
    $1.6M
    5 recorded transactions
    2021
    2015
    2013
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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