$1 Auction - Former Zips Car Wash | 34K VPD 5506 Rivers Ave Immeuble | 1 035 m² | Spécialité | À vendre 129 430 € | Charleston, SC 29406

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building with an adjacent car wash located at 5506 Rivers Avenue in North Charleston, South Carolina 29406 (the “Property”). Previously occupied by Zips Car Wash, the Property is being offered significantly below replacement cost, presenting an attractive acquisition opportunity for owner-users and investors seeking a well-located commercial asset with meaningful value-add potential. FIRST BID MEETS RESERVE!
Originally constructed in 1990, the Property consists of a one-story, free-standing building totaling ±4,837 square feet, featuring a retail/service space with an attached automatic car wash and vacuum bays. Situated on a ±0.777-acre parcel (±33,865 SF), the Property offers strong functionality with 15 surface parking spaces and convenient access via one point of ingress and egress along Rivers Avenue / U.S. Highway 52 & 78. The Property is zoned B-2 (General Business) and R-1 (Single Family Residential) within the Upper 52-78 Overlay District (City of North Charleston). According to the City’s Planning and Zoning Department, the current use is considered a legal nonconforming use due to the age of the improvements, allowing for continued operation as a car wash or adaptive reuse of the existing improvements. This zoning framework provides long-term flexibility for repositioning or re-tenanting. This Property offers a compelling opportunity to capitalize on the strong fundamentals of the North Charleston market and provides the potential for significant value creation through repositioning and lease-up at market rates. According to CoStar, retail rents in the area range from approximately $18 to $21 per square foot NNN, supporting the potential for significant value-add through lease-up or adaptive reuse.
North Charleston has experienced significant population and economic growth in recent years and has emerged as one of the Charleston region’s primary commercial and employment centers. The Property is strategically positioned approximately 20 minutes from Downtown Charleston along Rivers Avenue / U.S. Highway 52 & 78, one of North Charleston’s primary commercial corridors with ±34,548 vehicles per day (VPD) passing directly in front of the Property. The site also offers convenient access less than 1-mi to to both Interstate 526 and Interstate 26, which carries more than 150,000 VPD and provides direct connectivity throughout the Charleston metropolitan area. The surrounding area features a strong concentration of national retailers, restaurants, and service providers that generate consistent daily traffic and support a stable consumer base. The market is further strengthened by a dense employment corridor anchored by major regional employers including Charleston International Airport (±3-Mi), Boeing’s 787 Dreamliner manufacturing campus (±3-Mi), and Joint Base Charleston, which collectively support thousands of jobs and drive economic activity throughout the area. Within a ±3-Mi trade area, the population totals ±51,368 residents with an average household income (AHHI) above ±$82,600, while the ±5-Mi trade area expands to ±118,937 residents with an AHHI of ±$88,526. With its combination of dense residential neighborhoods, major employment drivers, and strong regional accessibility, the Property is well positioned to capture demand from both local residents and the broader Charleston metropolitan market.