MLS# 30567778 | 805 Folly Road Charleston SC | subdivision
843-225-7007
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Charleston, SC 29412
- $421.50Price per SqFt
- 2,135SqFt
- 461Days on Market
- N/AZoning
- 1965Year Built
- RetailUse
- MLS# 30567778
- Commercial Sales
- Retail
- Sold
- Approx Time on MarketN/A
- AreaJames Island
- CountyCharleston
- SubdivisionN/A
Overview
Location, Location, Location. This free standing restaurant building is less than 1 Mile to the James Island Connector to Downtown Charleston, and excellent visibility on Folly Road with a 45,000+ daily traffic count. Currently operating as Gillie's Soul Food (business not for sale), this established tenant of the building has lease it for the past 3.5 years. The building was completely renovated over the past 4 years. 805 Folly Road offers buyers a turn key opportunity with a lease in place until September 2022. Upgrades include but are not limited to a brand new HVAC (2020), a 4 year old roof, and all restaurant appliances (inclusive of walk-in freezer) and furniture convey with sale. The current tenant lease rate is $4,120/month rent gross and the tenant also covers all property taxes and insurance on top of the monthly rent (NNN). The .21 acre lot has 93' of road frontage on Folly Road. The outdoor deck is perfect for dining al fresco, and can seat approximately 40-50+ additional patrons depending on set up. Parking in the front of the building is on the lot, and behind the building the parking is provided by the Town of James Island at no cost to the owner. Lot is privately owned by another individual and leased for $2k/mo by the town of James island to furnish public parking. No cost to tenant or owners of building. Lease is through 2027 and renewal is the plan going forward!
Sale Info
Listing Date: 01-30-2023
Sold Date: 11-07-2022
Listing Sold:
1 Year(s), 5 month(s), 28 day(s) ago
Asking Price: $899,900
Selling Price: $899,900
Price Difference:
Same as list price
Building Info
Anchored: No
Year Built: 1965
Financial
Asking Price Type: Fixed Price
Garage / Parking
Parking Type: Surface
Lot Info
County: Charleston
Lot Acres Min: 0.210
Land Size: 0.21
Misc
Title: Excellent Traffic Count Folly Road Restaurant Space on James Island
Offer Compensation
Property Info
Second Property Subtype: Retail
Nearest Msa: Charleston-North Charleston, SC
Sale Terms: Cash
Property Type: A
Original Price: $899,900
Build To Suit: No
Property Use Type: Business, Restaurant, Retail
Class Type: Retail
Sold Info
Sold Date: 2022-11-07T00:00:00
Sqft Info
Rentable Area: 2135
Unit Info
Utilities / Hvac
Water Source: Public
Sewer: Public Sewer
Courtesy of listing office The Boulevard Company, LLC
MLS# 31002866 
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 Marshall Walker 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 05-05-2024 6:03 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.
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