33 Lockwood Dr 3,537 SF 100% Leased Office Building Charleston, SC 29401 $2,075,000 ($586.66/SF) 5.54% Cap Rate

Unique opportunity to own and occupy a waterfront office building with 325' of floating docks with access to ample convenient surface parking (shared with the marina). Incredible views of the marina and Ashley River. Interior is mostly shiplap walls and hardwood floors. Currrently 100% of the offices are mostly occupied by the owner (4 of the 6) suites and can lease back or vacate for a user. Perfect for an owner/occupant who wants a convenient downtown office address and views of the water.
This offering is for a commercial condo unit ('CU1'). It is includes the marina office building and 325' of linear floating docks on C-dock (first dock on the left as you walk out). The sale is for the building and dock only. The one acre parking lot - which is a limited common element to the Ashley Marina condo regime - is not included. There are 70 surface parking spaces shared between the marina and the office building. The office building gets 20 parking tags and there are a few designated visitor spaces. The parking lot is rarely, if ever, full during normal business hours as the marina is not typically busy 9-5 during the week when the office is occupied. Regime fees for CU1 are approx $55,733/year and cover common area/parking lot maintenance, 100% of the dock maintenance, dredging, insurance on the docks, and utilities on the docks.
Owner would consider subdividing the office and docks if someone wanted one or the other.