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Property Detail

Gapway Road
427 Gapway Road is the unique opportunity to acquire a sprawling industrial investment .
$550,000

Description

  • 427 Gapway Road is the unique opportunity to acquire a sprawling industrial investment located near US Hwy 17 and offering proximity to US Hwy 521.
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  • Offering access to a stabilized and well-trained labor force; 16.4% of the Georgetown County specializes in the manufacturing and warehousing sector.
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  • Tremendous location near US Hwy 17, downtown Georgetown, and national retailers and chains, including KFC, Food Lion, Harbor Freight, and more.
  • STNL located in a growing locality, the property is approximately 1.5 hours from Myrtle Beach and Charleston.
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  • Located in an expanding county - Georgetown County grew by 3.7% between 2020 and 2023.

Executive Summary

Charleston Industrial, in tandem with Ten-X, is pleased to offer this sprawling investment opportunity totaling 64,807 square feet. The property, located at 427 Gapway Road, is fully occupied and well-operated by a tenant operating under a net lease. The offering encompasses three commercial structures constructed on 10.72 acres and affords an easily accessible primary entry point. There are also 4.36 acres of undeveloped land that also offers service road access. 427 Gapway Road also lies just minutes from US Highway 17 ALT, which connects to downtown Georgetown and US Highways 521 and 70.

427 Gapway Road’s three buildings offer varying tremendous industrial features. The primary office building has 3,036 usable square feet, while the main building has 31,876 square feet, five drive-in doors, and a clear ceiling height of 24 to 28 feet; the secondary warehouse has 29,895 square feet and an additional five drive-in doors, and a ceiling clear height of 32 to 40 feet.

Don’t miss out on this opportunity to purchase a stabilized investment opportunity in an area with a highly trained and educated labor force. According to the US Census Bureau, 16.4% of the Georgetown County population specializes in the manufacturing and warehousing sectors of industry, this share of the labor force holds the second-largest faction of employment in the county.

Georgetown County is 814 square miles and has a population density of 79 persons per square mile. It is home to South Carolina’s third-oldest city, Georgetown. The county lies along the banks of the Winyah Bay and is considered the center point between Myrtle Beach and Charleston, which lie approximately 1.5 hours from each city. Despite its relatively small population compared to Myrtle Beach and Charleston, the county has experienced significant population growth over the past several years. Georgetown County is currently home to nearly 66,000 residents. The county has experienced an astounding 3.7% change in population growth since 2020; this growth is particularly becoming as it is over three times the national average of 1%. Georgetown’s historic downtown epitomizes the beauty of Old South architecture, which is well-preserved and beautifully blended with welcoming shops and eclectic eateries. The town features waterfront views and a large marina with ample docking options

Cash-Flowing STNL

Listing ID : 00584

SKU: 584

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Price History

DateEventPrice
December 3 2024Listed$550,000.00