123 S Cedar Street, Summerville, SC 29483 (MLS# 31007823)

Overview

Description

Rare free-standing single tenant building in the heart of Historic DT Summerville. The subject property is approximately 1,220 SF, all on a single level, and has previously been occupied for a variety of retail uses. Ample street parking available up and down S Cedar and directly in front of the subject property (there are also 3 off street parking spaces behind the building). The property has excellent visibility on highly traveled S Cedar St, just feet from the lighted intersection of S Cedar and W Richardson. Public (and free) parking garage is just a few hundred feet away on Short Central. D-MX (downtown mixed use) zoning does not require any additional off-street parking to be provided by tenant. D-MX is possibly the most generous zoning in the UDO, allowing for the widest variety of uses. Subject property sits across from the YMCA and is just feet from Bonaire Park at the corner of S Cedar and W Richardson; a first in class in fill development with residential and commercial co ... (Read more) Rare free-standing single tenant building in the heart of Historic DT Summerville. The subject property is approximately 1,220 SF, all on a single level, and has previously been occupied for a variety of retail uses. Ample street parking available up and down S Cedar and directly in front of the subject property (there are also 3 off street parking spaces behind the building). The property has excellent visibility on highly traveled S Cedar St, just feet from the lighted intersection of S Cedar and W Richardson. Public (and free) parking garage is just a few hundred feet away on Short Central. D-MX (downtown mixed use) zoning does not require any additional off-street parking to be provided by tenant. D-MX is possibly the most generous zoning in the UDO, allowing for the widest variety of uses. Subject property sits across from the YMCA and is just feet from Bonaire Park at the corner of S Cedar and W Richardson; a first in class in fill development with residential and commercial components, currently slated for a phase 1 delivery in 2026. Bonaire Park will be an extremely upscale mix of town homes, retail and hospitality. Summerville has experienced a population explosion, fueled by a family friendly environment, business friendly administration and phenomenal school district. The demographics are strong and quickly rising, with a plentiful number of existing residential rooftops. Subject property is in the same ''block'' as Hutchinson Square, the current pedestrian hub of Historic Summerville (which will shift towards S Cedar with the addition of Bonaire Park). Hutchinson Square is a beautifully renovated public green space that hosts a wide variety of events throughout the year, including Third Thursday, The Italian Festival, Flowertown Festival, Sweet Tea Festival, Tree Lighting Ceremony, Scarecrows on the Square, Oktoberfest and many other concerts, gatherings and public events. Subject property sits in an opportunity zone and a business/tenant operating as a Qualified Opportunity Zone Business (QOZB) may have tenant improvements owned by the tenant (and used in the business) qualify as Qualified Opportunity Zone Property (QOZP) for the tenant - tenant is solely responsible for consulting an attorney and confirming they're eligible for these benefits. Final lease rate and Tenant Improvement Allowance (TIA) will be dependent on tenant financials, lease term and other determining factors. NNNs for 2026 are currently estimated at $12.50/SF.

Location

Street Number: 123
Street Direction Prefix: S
Street Name: Cedar
Street Suffix: Street
County: Dorchester
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 63 - Summerville/Ridgeville
State or Province: SC
Postal Code: 29483
Parcel Number: 137-07-07-021
Opportunity Zone: Yes

General Information

Property Sub Type: Retail
Secondary Sub-Type: Office
Listing Name: Excellent Location & Visibility in Heart of Downtown Summerville with Plenty of Parking
Property Condition: Existing
Class of Space: Class A
Space Type: Relet
Date Available: 2026-05-01
Lease Term: Negotiable
Building Area Total: 1220
Minimum SqFt Available: 1220
Maximum SqFt Available: 1220
Typical SqFt Per Floor: 1220
Zoning: Dorchester - D-MX - Downtown Mixed-Use
Property Visibility: Excellent
Anchored?: No
Monthly High Price per SqFt/Acre: 3
Monthly Low Price per SqFt/Acre: 3
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2026-02-02
High Price: 36
Low Price: 36
Low Price to High Price: 36

Building Related

Tenancy: Single Tenant
General Condition: Excellent
Stories Total: Yes
Year Renovated: 2023
Number Of Buildings: Yes

Land Related

In Flood Plain?: No

Status Change Info

Status Change Date: 2026-02-03

More Information

Directions & Remarks

Directions: Heading south from I-26 on N Main St towards Historic DT Summerville, take a right at the lighted intersection of S Main St and W Richardson (in front of Town Hall). Take a right at the next light (intersection a W Richardson and S Cedar), and subject property will be on the right across from the YMCA.
Public Remarks: Rare free-standing single tenant building in the heart of Historic DT Summerville. The subject property is approximately 1,220 SF, all on a single level, and has previously been occupied for a variety of retail uses. Ample street parking available up and down S Cedar and directly in front of the subject property (there are also 3 off street parking spaces behind the building). The property has excellent visibility on highly traveled S Cedar St, just feet from the lighted intersection of S Cedar and W Richardson. Public (and free) parking garage is just a few hundred feet away on Short Central. D-MX (downtown mixed use) zoning does not require any additional off-street parking to be provided by tenant. D-MX is possibly the most generous zoning in the UDO, allowing for the widest variety of uses. Subject property sits across from the YMCA and is just feet from Bonaire Park at the corner of S Cedar and W Richardson; a first in class in fill development with residential and commercial components, currently slated for a phase 1 delivery in 2026. Bonaire Park will be an extremely upscale mix of town homes, retail and hospitality. Summerville has experienced a population explosion, fueled by a family friendly environment, business friendly administration and phenomenal school district. The demographics are strong and quickly rising, with a plentiful number of existing residential rooftops. Subject property is in the same ''block'' as Hutchinson Square, the current pedestrian hub of Historic Summerville (which will shift towards S Cedar with the addition of Bonaire Park). Hutchinson Square is a beautifully renovated public green space that hosts a wide variety of events throughout the year, including Third Thursday, The Italian Festival, Flowertown Festival, Sweet Tea Festival, Tree Lighting Ceremony, Scarecrows on the Square, Oktoberfest and many other concerts, gatherings and public events. Subject property sits in an opportunity zone and a business/tenant operating as a Qualified Opportunity Zone Business (QOZB) may have tenant improvements owned by the tenant (and used in the business) qualify as Qualified Opportunity Zone Property (QOZP) for the tenant - tenant is solely responsible for consulting an attorney and confirming they're eligible for these benefits. Final lease rate and Tenant Improvement Allowance (TIA) will be dependent on tenant financials, lease term and other determining factors. NNNs for 2026 are currently estimated at $12.50/SF.

Property Sub Type

Office: Yes
Retail: Yes

Existing Lease Type

NNN: Yes

Current Use

Commercial: Yes
Retail: Yes

Structure Type

Free Standing: Yes
Office: Yes
Retail: Yes

Retail Clientele

Business: Yes
Family: Yes
General: Yes
Recreation: Yes
Tourist: Yes
Traveler: Yes

Parking Type

Surface: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Property Features

Existing Lease Type: NNN Property Sub Type: Office; Retail Current Use: Commercial; Retail Structure Type: Free Standing; Office; Retail Retail Clientele: Business; Family; General; Recreation; Tourist; Traveler Parking Type: Surface Water Source: Public Sewer: Public Sewer