5515 Rivers Avenue Avenue, North Charleston, SC 29406
$3,125,000
Property Type:
Commercial Sale
Square Footage:
2,400
Status:
Active
Current Price:
$3,125,000
List Date:
6/14/2023
Last Modified:
10/02/2025
Description
Imagine owning a strategic development site in one of North Charleston's most industrially capable corridors, just moments from I‑526 and I‑26.
This property—comprised of a 2,400 SF existing building plus multiple adjacent parcels totaling ~1.61 acres—is already zoned M‑1 (Light Industrial)
and poised for transformational upside.
1. Zoning Power & Flexibility
The M‑1 (light industrial) zoning grants broad latitude for industrial, warehousing, logistics, and storage-based uses—the kinds of operations that
generate revenue per square foot and remain relatively low risk from a site operations standpoint. Because the property also carries B‑2 / office‑warehouse
compatibility, there's added flexibility for hybrid uses (office + light manufacturing or distribution) or attractive interim cash flow
options. In many markets, self‑storage (especially climate‑controlled units, drive-up units, RV/boat storage) is considered a ''clean,'' low-maintenance
asset class—i.e. a highly compatible use in industrial zones with minimal nuisance or heavy traffic impact.
2. Self‑Storage: Highest & Best Use Case
Given its zoning, footprint, and frontage, the property is ideally suited for a self‑storage development. Self‑storage commands strong demand from
residential renters, small businesses, and e‑commerce operators. It scales well (stacked units, multiple stories) and is capital-efficient relative to
heavier industrial uses. The corridor location gives it visibility, access, and ease of use—key competitive advantages for a storage facility. Because
self-storage is relatively passive (no heavy operational complexity, smaller staffing, limited waste streams), it often delivers attractive risk-adjusted
returns. Should local codes or permitting require conditional use approval or design compliance (e.g. buffering, façade treatments), these are typically
manageable relative to building a more intensive industrial use. (Always confirm with City zoning / planning.)
3. Strategic Location & Market Access
Fronting Rivers Avenue, this site benefits from a major arterial route with high visibility and connectivity to the region's transportation network. Near
I‑526 and I‑26 junctions means fast access to Charleston, North Charleston, Mt. Pleasant, Summerville, and key industrial nodes. Given scarcity
of well-zoned industrial parcels in the greater Charleston metro, this site presents a rare entry into a constrained supply set. It's proximate to both
consumer and business density: residential areas, light industrial districts, and commercial corridors converge, generating demand for convenient
storage.
More Information MLS# 31001228
Contract Information
Original List Price: 3125000
Tax Legal Description: INDUSTRIAL WAREHOUSE.
M-1 LIGHT INDUSTRIAL
Listing Contract Date: 2023-06-07
List Price: $3,125,000
Current Price: $3,125,000
Location
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 32 - N.Charleston, Summerville, Ladson, Outside I-526
Parcel Number: 472-07-00-071,050,051,052,,053,054
Opportunity Zone: No
Street Number: 5515
Street Name: Rivers Avenue
Street Suffix: Avenue
County: Charleston
State or Province: SC
Postal Code: 29406
General Information
Property Sub Type: Industrial
Secondary Sub-Type: Office
Tertiary Sub-Type: Retail
Listing Name: 6 MINUTES FROM AIRPORT LIGHT INDUSTRIAL LAND WITH WAREHOUSE. SALE OR LEASE
Lot Acres: 1.61
Typical SqFt Per Floor: 2400
Zoning: City of North Charleston - B-2 - General Business District
List Price/Acre: 1940993.79
List Price/SqFt: 1302.08
Opt In to Crexi?: Yes
Status: Active
Building Area Total: 2400
Building Related
Tenancy: Multiple Tenants
General Condition: Excellent
Stories Total: 1
Year Renovated: 2023
Parking Total: 6
Number Of Buildings: 1
Year Built: 2007
Land Related
Part of Planned Development?: No
In Flood Plain?: No
Directions & Remarks
Directions: 5515 RIVERS AVENUE FRONTAGE. NEAR INTERSECTION OF RIVERS AVENUE AND SABAL STREET. REAR OF PROPERTY IS WOODBINE AVENUE. SEE SURVEY.
Public Remarks: Imagine owning a strategic development site in one of North Charleston's most industrially capable corridors, just moments from I‑526 and I‑26.
This property—comprised of a 2,400 SF existing building plus multiple adjacent parcels totaling ~1.61 acres—is already zoned M‑1 (Light Industrial)
and poised for transformational upside.
1. Zoning Power & Flexibility
The M‑1 (light industrial) zoning grants broad latitude for industrial, warehousing, logistics, and storage-based uses—the kinds of operations that
generate revenue per square foot and remain relatively low risk from a site operations standpoint. Because the property also carries B‑2 / office‑warehouse
compatibility, there's added flexibility for hybrid uses (office + light manufacturing or distribution) or attractive interim cash flow
options. In many markets, self‑storage (especially climate‑controlled units, drive-up units, RV/boat storage) is considered a ''clean,'' low-maintenance
asset class—i.e. a highly compatible use in industrial zones with minimal nuisance or heavy traffic impact.
2. Self‑Storage: Highest & Best Use Case
Given its zoning, footprint, and frontage, the property is ideally suited for a self‑storage development. Self‑storage commands strong demand from
residential renters, small businesses, and e‑commerce operators. It scales well (stacked units, multiple stories) and is capital-efficient relative to
heavier industrial uses. The corridor location gives it visibility, access, and ease of use—key competitive advantages for a storage facility. Because
self-storage is relatively passive (no heavy operational complexity, smaller staffing, limited waste streams), it often delivers attractive risk-adjusted
returns. Should local codes or permitting require conditional use approval or design compliance (e.g. buffering, façade treatments), these are typically
manageable relative to building a more intensive industrial use. (Always confirm with City zoning / planning.)
3. Strategic Location & Market Access
Fronting Rivers Avenue, this site benefits from a major arterial route with high visibility and connectivity to the region's transportation network. Near
I‑526 and I‑26 junctions means fast access to Charleston, North Charleston, Mt. Pleasant, Summerville, and key industrial nodes. Given scarcity
of well-zoned industrial parcels in the greater Charleston metro, this site presents a rare entry into a constrained supply set. It's proximate to both
consumer and business density: residential areas, light industrial districts, and commercial corridors converge, generating demand for convenient
storage.
Property Sub Type
Industrial: 1
Office: 1
Retail: 1
Existing Lease Type
Other: 1
Auction Details
Auction: No
Auction Type: Absolute
Roof
Aluminum: 1
Current Use
Other: 1
Special Listing Conditions
Real Estate Owned: 1
Structure Type
Flex: 1
Free Standing: 1
Industrial: 1
Mixed Use: 1
Office: 1
Retail: 1
Area and Location
Airports: 14 MINUTE DRIVE TO CHARLESTON INTERNATIONAL AIRPORT
Highway Access: INTERSTATE 526
Property Located Between: RIVERS AVENUE AND WOODBINE AVENUE
Construction Materials
Metal Siding: 1
Parking Type
Surface: 1
Heating
Central: 1
Cooling
Central Air: 1
Lighting
Fluorescent: 1
LED: 1
Building Detail
X-Phase: 3 PHASE POWER
Lot Features
Level: 1
Road Frontage Type
City Street: 1
Highway: 1
Interchange: 1
Interstate: 1
Road Surface Type
Gravel: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Listing Terms
Cash: 1
Lease Option: 1
Status Change Info
Status Change Date: 2023-06-14
Property Features
Property Sub Type: Industrial; Office; Retail
Current Use: Other
Special Listing Conditions: Real Estate Owned
Structure Type: Flex; Free Standing; Industrial; Mixed Use; Office; Retail
Existing Lease Type: Other
Roof: Aluminum
Construction Materials: Metal Siding
Parking Type: Surface
Heating: Central
Cooling: Central Air
Lighting: Fluorescent; LED
Lot Features: Level
Road Frontage Type: City Street; Highway; Interchange; Interstate
Road Surface Type: Gravel
Water Source: Public
Sewer: Public Sewer
Listing Terms: Cash; Lease Option
Listing Office:
Coldwell Banker Comm/Atlantic
Last Updated: October - 02 - 2025
Broker Attribution:
8437449877
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