Viewing Listing MLS# 30402992 | 1035 Folly Rd, Charleston SC

  • $2,425,000
    Reduced -$155,000
  • 1035 Folly Rd
    Charleston, SC 29412
N/APrice per SqFt
N/ASqFt
15Days on Market
N/AZoning
2007Year Built
Retail-CommercialUse
337-04-00-113Tax ID
  • MLS# 30402992
  • Commercial Sales
  • Retail-Commercial
  • Active

AreaJames Island
CountyCharleston

Agent Remarks

- 8 years left starting of a 20 year initial term this month on an absolute net ground lease - Lease Commenced March 2007 - Building Constructed 2008 - 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


Financial

Sale Price Max Total:  $2,425,000

Sale Price Min:  $2,425,000

Sale Price Min Total:  $2,425,000

Tax Id:  337-04-00-113

Lot Info

Acres:  1

Landsize Min:  1

Landsize Units:  Acre

Property Info

County:  Charleston

Location Public:  1

Property Status:  Existing

Property Subtype:  Free-standing Building

Class Type:  Retail-Commercial

Location:  BB&T - 1035 Folly Road, Charleston, SC

SqFt Info

Sqft:  0

Courtesy of listing office Commercial Real Estate Ventures, LLC 

Mortgage Calculator

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Price & Status History (on simplycommercial.com since Tue, Jun 11th 2019)
  • Original Price: $2,425,000
  • Current Price: $2,425,000
  • Price Reduced: $0
Date ChangedFromTo
06/18/2019$2,580,000 $2,425,000 Reduced by $155,000
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Simply Commercial Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 06-26-2019 11:01 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2019 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2019 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 06-26-2019 11:01 PM EST est.

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