For Sale Flex Space/Development Opportunity ADDRESS: 321 Cypress Gardens Road Moncks Corner, SC 29461 Berkeley County PRICE & ACREAGE: $475,000 1.72 Acres CONTACT: Robert Sullivan Commercial REALTOR Mobile: 843.834.4600 Office: 843.884.1800 robert.sullivan@carolinaone.com
PROPERTY OVERVIEW: This is a chance to get in just before the property value skyrockets. The property is 1.72 acres, zoned General Commercial in Berkeley County, and embedded in an area of high growth in between Hwy 17A and 52. It is currently a mixed use property with 1800 SF of garage/warehouse and 1600 SF of office/apartment. The warehouse has 2 garage doors, 3 phase power, and 1 hydraulic car lift. The other 1600 SF is comprised of 2 levels which are 800 SF each. The first level is an office and the second level is an apartment occupied by the current tenant. The current tenant s lease expires on December 31st, 2018. It has city water and sewer, and natural gas. This property offers potential for many uses for both and investor and owner user with General Commercial zoning. The economics of Cypress Gardens Road is changing dramatically. Along Hwy 52 and Hwy 17A there are multiple large parcels which are either being developed or plan to be developed. The developments will bring in residences as well as commercial space. Cypress Gardens Road connects these 2 prominent corridors. Currently, the layout of the property is setup for a smaller flex space or auto/boat repair or storage as there is ample yard space on the unused land. The easy access from 26 and planned widening of Cypress Gardens Rd. would be favorable for small scale warehouse/distribution. There is also enough space on the unimproved portion of the property to allow for further development. If your client is an investor or developer, they will have several options, depending on the amount of capital they are willing to put into it. The seller currently pays for insurance and taxes, which can be changed into pass throughs at the termination of this lease, to make a true NNN. The cap rate right now is at 3.3% and with a NNN lease it would be 5.7% at the current lease rate. This strategy is the most hands off and would be fruitful for a long-term hold. An investor could also improve the current building and/or build on the remaining land to maximize the lease revenue with the current use or accommodate other uses. The General Commercial zoning allows for multi-family, retail, office. of the parcel from AT&T and Mattress Firm. Address: County: Zoning: 321 Cypress Gardens Road Moncks Corner, SC 29461 Berkeley County General Commercial TMS #: 210-00-00-125 Year Built: 1991 # of Buildings: 1
APPROVED USES: A. Approved uses 1. Commercial, lodging (hotel and motel) 2. Convenience retail and/or gas station 3. Commercial, personal services 4. Commercial, professional services 5. Restaurant 6. Retail sales 7. Office 8. Transportation (truck stop) 9. Wholesale sales 10. Mixed use B. Recreation and amusement uses 1. Commercial, indoor recreation 2. Commercial, outdoor recreation 3. Indoor recreation 4. Outdoor recreation, active 5. Outdoor recreation, passive 6. Ecotourism 7. Golf course 8. Miniature golf 9. Resort/fish camp C. Institutional uses 1. Assembly and worship 2. Cemetery 3. College and professional schools 4. School, neighborhood and community 5. Commercial day care center 6. Assisted living facility 7. Local utilities, public services, and government offices D. Storage uses 1. Business storage (indoor storage) E. Residential uses 1. Multifamily The following uses are allowable with conditions. A. Commercial uses 1. Commercial, bar and/or liquor store. in article 11.4 shall be met prior to 2. Commercial, car wash Car wash site will be designed so that runoff from the washing bays is contained on-site. 3. Commercial, drive-through restaurant in article 11.4 shall be met prior to 4. Commercial, general services No primary or accessory outdoor storage uses shall be allowed in the GC district. 5. Outdoor sales, rural Display of outdoor sales shall meet district setbacks as if part of building footprint. 6. Outdoor sales, other Display of outdoor sales shall meet district setbacks as if part of building footprint. 7. Domestic boarding facility The facility shall be buffered with an opaque 8-foot tall privacy fence between the facility and all adjoining properties in addition to any landscaping requirements found in article 15 of this ordinance. B. Institutional uses 1. Family day care home in article 11.6 shall be met prior to C. Office and industrial uses 1. Commercial communication towers
BERKELEY COUNTY GIS MAPPING: May 22, 2017 Streets (Short Name) Parcels Interstate US Highways State Roads Community Labels Towns Labels City Labels County Boundaries 1:8,000 0 0.05 0.1 0.2 mi Berkeley County GIS 0 0.075 0.15 0.3 km The county of Berkeley and its GIS Department disclaims accountability for this product and makes no warranty express or implied concerning the accuracy thereof. Responsibility for interpretation and application of this product lies with the user. Berkeley County GIS 2017
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