Cashflowing Commercial Property in Irmo, SC $2.5MM

Richland County, Irmo, SC, 29063
Sold
Listed at: April 24th, 2024
Price
$2,500,000
Sq. Footage
10982
Type
Commercial
Parking
Assigned
Year build
2002
Lot size
7.09 acres
Bedrooms
14
Bathrooms
3
Half Bathrooms
0
Summary

Units: 14 offices - Reception Area

  • Fully functioning kitchen and breakroom
  • 3 bathrooms
  • Sq ft: 11,000 sq ft building (Fully Renovated)

Additional Information:

  • Lot is over 7 acres with 3.3 acres of pavement
  • 3 acres of gravel parking, 45 parking spots in front of the building
  •  240 parking spots available for RV and boat storage
  •  Half-acre retention pond
  • Fenced-in lot with security surveillance and lighting
  • 1-year leases with tenants but all want to stay for longer

Value Add:

  • Dan Creed Engineering Company indicated the back area could be built out to accommodate
  • self-storage (600-650) units with a cost of about $3 million
  • Possible additional $100K+ in revenue
  • SCDOT has offered $15,000/month for 1-2 acres in the back for an 8-10-year lease. Possible acquire of land in approximately 1-2 years
  • Boat and RV storage business will be sold along with the building
  • Can be built out to generate $15,000-$20,000 monthly income.

Additional Disclosure:

  • Property Is being Sold AS-IS
  • Seller is a Licensed Agent & has Equitable interest in the property
  • $10,000 NON- Refundable EMD Required, If Title is not clear, buyer will be refunded
  • Photocopy & Proof of Funds Required, before Scheduling Walkthroughs
  • Buyer WIll pay All closing Cost + Both Sides of Transfer Tax
  • Real Estate Agents & Wholesalers Are Welcome, Please Add you Fee/ Commission on top of Asking Price

Financials and additional pictures will be furnished at request

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Nick Mason

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Disposition manager