Address
1035 Folly Rd Charleston, SC
Price
$ 2,300,000
Property Attributes
  • MLS#30651327
  • TypeContingent
  • CountyCHARLESTON
  • CityCharleston
  • AreaJames Island
  • Zip29412
  • Style
  • Price$ 2,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Commercial Real Estate Ventures, LLC
Property Description

This is a ground lease and BB&T constructed the building. Current year rent is $122,892.63. There are Four (4) Five (5) year renewal options. There are 2% annual escalations for each year of the current (initial) lease term and for each year of the option terms as well. - Four (4) Five (5) year renewal options - 2% annual increases throughout initial term and option periods - Average NOI over balance of initial term is $129,263 - 1.3 AC site with an apprx 3944 SF freestanding all brick bank branch built by BB&T on an excellent high traffic Folly Road location

Price History
9/18/2020 Listed $2,300,000

General Features

Property Sub Type Free-Standing Building
Property Type Retail-Commercial
Submarket 21 - James Island

Interior Features

Landsize Max 1.300
Landsize Min 1.300
Landsize Units Acre

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 29412

Price
AVG $490K
$2.3M
Visits
AVG 100
55
Walkscore
AVG 23
52
Data Provided by Walkscore ® not using MLS data

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