3621 Montague Ave North Charleston, SC 29418-5942
This exceptional 1.39-acre commercial property in North Charleston, South Carolina, presents a unique investment opportunity. Currently operating as Park & Go, a long-term parking service catering to Charleston International Airport travelers, the business includes a 1,200 square foot office/service building and offers additional services such as limousine pick-up/delivery and vehicle detailing. The fully fenced, paved lot accommodates approximately 275 vehicles. Built in 1985, the single-story building boasts a 12-foot ceiling height. The property benefits from a prime location directly off I-526, adjacent to the North Charleston Coliseum, Convention Center, Performing Arts Center, Centre Pointe Shopping district, and across from the Boeing 787 Manufacturing & Assembly Plant. The CRD (Commercial Redevelopment District) zoning allows for a wide range of commercial uses. The property is also grandfathered for auto-related uses within the Dorchester Road Overlay District. This sale includes the entire business enterprise with all fixtures, furniture, and equipment (FF&E). The property's proximity to a new Charleston County Regional Sports Complex, new hotels, and a realigned airport access road directly across the street positions it for significant future growth. The asking price is $2,400,000, and the property features 100% occupancy since July 1, 2020. An adjacent 0.70 acres of vacant land offers potential for expansion to approximately 2.07 acres. The property's APN is 409-09-00-197, 409-09-00-134, and 409-09-00-135. This fee-simple ownership opportunity is classified as Class C, with a value-add investment subtype.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.