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Property profile & analytics
OFF-MARKET Estimated value $8,560,000
Retail space

1985 Folly Rd Charleston, SC 29412-9577

46,769 SF 9.64 ac lot Built 2005
Entity Owned 10-yr Hold Free & Clear
Property ID
US77-0619852
Property summary
AI-generated overview

Folly Road Crossing, a vibrant retail center in Charleston County, offers exceptional opportunities for businesses seeking high-traffic locations. Recently expanded and renovated, this center boasts 53,994 square feet of retail space, divided into ten suites. The property is ideally situated near the popular Folly Beach resort area, ensuring consistent foot traffic and a strong customer base. Current occupancy includes a diverse mix of tenants, creating a synergistic environment. One retail space is currently available, ranging in size from 1 to 1,240 square feet, providing flexibility for various business needs. The center's strategic location on James Island, coupled with its proximity to Folly Beach, guarantees exposure to a large and loyal customer base. Average customer visit frequency is a remarkable 2.59 visits per person, demonstrating the center's strong appeal and repeat business. This presents a unique chance to establish or expand your business within a thriving retail environment. The property's recent upgrades ensure a modern and attractive setting for tenants and customers alike. Interested parties are encouraged to inquire about the available space and explore the possibilities of becoming part of this successful retail center. The property is classified as multi-tenant retail and restaurant space.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 46,769 SF
Lot 9.64 ac (419,918 SF)
APN 331-06-00-007
UPID US77-0619852
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
  • Pan Garden Restaurant
  • Harris Teeter Money Services Bank Credit Union
  • First National Bank ATM Atm
  • Western Union Bank Credit Union
  • PNC Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.92M
Blend (final) Blend
$8.56M
Owner & transaction history
Whlr-folly Road Crossing LLC · 10 yrs held
Whlr-folly Road Crossing LLC
since 2016
7 recorded transactions
2022
Price N/A
2020
Price N/A
2017
Price N/A
2016
Price N/A
2016
$8.5M
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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