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Property profile & analytics
OFF-MARKET Estimated value $10,000,000
Super regional malls

8440 Dorchester Rd North Charleston, SC 29420-7318

49,410 SF 9.51 ac lot Built 1985
Entity Owned 2-yr Hold Free & Clear
Property ID
US77-1251482
Property summary
AI-generated overview

This exceptional 4,000 square foot endcap restaurant space is ideally situated at 8440 Dorchester Road in North Charleston, South Carolina, at the highly visible corner of Dorchester Road and Ashley Phosphate Road within the Plantation Shopping Center. The property, identified by APN 172-00-000-042 in Dorchester County, is currently fully vacant and offers a turnkey opportunity for a restaurant operator. Previously occupied by Le Crème Restaurant N Lounge, the space boasts existing restaurant infrastructure including a hood system, two walk-in coolers, and two ADA-compliant restrooms. The Plantation Shopping Center benefits from a strong anchor tenant, NewSpring Church, and enjoys a high volume of traffic due to its prominent location. This prime location offers excellent visibility and accessibility, further enhanced by its proximity to the Festival Centre Shopping Center, currently undergoing redevelopment. This presents a unique chance to capitalize on the growing commercial activity in this thriving area of North Charleston, offering significant potential for a successful restaurant venture. The property is classified as a multiple-tenancy retail space, specifically a restaurant subtype. This 2nd-generation space is ready for immediate occupancy.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 49,410 SF
Lot 9.51 ac (414,256 SF)
Zoning code B2_NC
APN 172-00-00-042
UPID US77-1251482
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
$10.00M
CAP Approach CAP
$11.14M
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.00M
Owner & transaction history
Newspring Church INC · 2 yrs held
Newspring Church INC
since 2024
Last sale
$10.0M
7 recorded transactions
2024
$10.0M
2024
Price N/A
2022
$1.2M
2020
Price N/A
2017
Price N/A
2016
Price N/A
2006
$3.8M
Zoning & alternative use
B2_NC · North Charleston, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $11.5M +359.2%
Office building $8.2M +228.9%
Restaurant $6.6M +162.5%
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