513 - 523 Belvedere Clearwater Road, North Augusta, SC, 29841

513 - 523 Belvedere Clearwater Road North Augusta, SC 29841

513 - 523 Belvedere Clearwater Road, North Augusta, SC, 29841
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FOR SALE
Property Type:
Free Standing Building
Amount:
$785,000
Last Verified:
May 28, 2024

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Description

Meybohm Commercial is proud to present 513-523 Belvedere Clearwater Road in North Augusta, SC, a prime value-add investment opportunity strip center for sale. This concrete building with a brick veneer, built in 1973, features six units ranging from 700 to 1,950 sq ft, all on month-to-month leases, allowing for flexible lease renewals and potential rent increases. Tenants handle their own utilities, reducing overhead costs for the owner.

There is an immediate opportunity to increase the 4 MTM retail tenants rent and add additional leases in the two spaces that the seller previously occupied totaling around 3,450 sq ft, will now be available for the new owner to occupy or lease to tenants at market rate. (The last brick space on the right is not part of the sale). This value-add strip center features five parcels totaling 1.08 acres, located at the corner of Belvedere Clearwater Road and Belair Road, between I-520/Palmetto Parkway and Edgefield Road/Highway 25.

The property includes a parking lot with ample parking and lighting, as well as significant signage opportunities to enhance visibility. Situated between two main roads (Hwy 25 and I-520) and close to North Augusta and the Highland Springs development, this strip center is well-positioned for increased rental income and long-term appreciation in the thriving Central Savannah River Area (CSRA).

This value-ad strip center features five parcels totaling 1.08 acres, located at the corner of Belvedere Clearwater Road and Belair Road, between I-520/Palmetto Parkway and Edgefield Road/Highway 25. This property has easy and convenient access for customers and tenants as it is just minutes from downtown North Augusta, a 10-minute drive to downtown Augusta, GA, and 20 mins to Aiken, SC

This value-ad strip center features five parcels totaling 1.08 acres, located at the corner of Belvedere Clearwater Road and Belair Road, between I-520/Palmetto Parkway and Edgefield Road/Highway 25. This property has easy and convenient access for customers and tenants as it is just minutes from downtown North Augusta, a 10-minute drive to downtown Augusta, GA, and 20 mins to Aiken, SC.


Year Built: 1973
Building Size: 7450sq ft
Lot Size: 1.07 acres


Documents

513-523 Belvedere Clearwater Road Brochure
513-523 Belvedere Clearwater Road.pdf

Map of 513 - 523 Belvedere Clearwater Road, North Augusta, SC, 29841

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.