Property profile

8040 Dorchester Rd Charleston, SC 29418

OFF-MARKET
Bars & Pubs
Property ID
US77-0873279
2,400 SF 0.8 ac lot Built 1986
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land offering comprises three contiguous parcels totaling approximately 2.32 acres situated on Dorchester Road in North Charleston, South Carolina. The property boasts a highly desirable General Commercial zoning designation, allowing for a wide range of development possibilities. Individual lot sizes range from approximately 0.74 acres to the largest parcel of approximately 2.32 acres. Each acre is priced at $400,000, with the option to purchase all three parcels together for a total price of $870,000. The property's strategic location on Dorchester Road provides exceptional visibility, benefiting from a high volume of daily traffic (40,600 vehicles per day). Its proximity to major employers such as Bosch, Boeing, and Palmetto Commerce Park further enhances its investment appeal. The Tax Map Numbers (TMNs) for the three parcels are 181-07-01-015, 016, and 017. This presents a rare opportunity to acquire prime commercial land in a thriving North Charleston location, offering significant potential for future growth and return on investment. The address is 8040 Dorchester Road, North Charleston, SC 29418.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,400 SF
Lot 0.8 ac (34,848 SF)
Zoning code CG_DC
APN 181-07-01-018
UPID US77-0873279

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bar & Pub

Location

8040 Dorchester Rd Charleston, SC 29418-2901
Charleston metro Census 10818 CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$505k

Owner & transaction history

since 2019
2 recorded transactions
2019
$320,000
2002
$200,000

Zoning & alternative use

CG_DC · Charleston, SC

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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