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5601 Rivers Ave North Charleston, SC 29406-6022

OFF-MARKET Retail space Google Maps
80,100 SF 6.59 ac lot Built 1957
Entity Owned 11-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.55M
Range $1.40M – $1.71M (±10%)
Property ID US77-3113080

Property summary

AI-generated overview

Gas Lite Square, located at 5601 Rivers Ave in North Charleston, South Carolina, offers exceptional retail space in a recently renovated center. This multi-tenant property boasts a total of 80,687 square feet, with one available space ranging from 8,714 to 18,000 square feet. The property has undergone significant improvements, including a new facade, enhanced parking, upgraded lighting, updated signage, and attractive landscaping. Most bays are offered as modified shells, allowing for tenant-specific build-outs with allowances provided. This prime location benefits from its position at a major intersection, three corners of which have recently undergone redevelopment. Gas Lite Square enjoys excellent visibility and high traffic counts of 34,000 vehicles per day (VPD). Its strategic location just off I-26 and with convenient access to I-526 provides easy access for customers and employees. The property is situated in the heart of North Charleston, offering close proximity to significant employment centers such as the Boeing plant, popular shopping destinations like Tanger Outlets, and key community facilities including the North Charleston Coliseum and Convention Center. This presents a unique opportunity for businesses seeking high-traffic exposure and a vibrant location within a thriving commercial area. The property is classified as Retail, with subtypes including Office, Medical, and Salon uses. The zip code is 29406, and the property is in Charleston County.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Total area 80,100 SF
Lot 6.59 ac (287,060 SF)
APN 472-07-00-066
UPID US77-3113080

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.53M
Blend (final) Blend
$1.55M

Owner & transaction history

since 2014
7 recorded transactions
2017
Price N/A
2016
Price N/A
2014
Price N/A
2014
$1.7M
2004
$305,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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