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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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