5880 Rivers Avenue, North Charleston, SC 29406 (MLS# 31004951)

5880 Rivers Avenue, North Charleston, SC 29406

$2,700,000

Property Type: Commercial Sale Square Footage: 6,800 Status: Active

Current Price: $2,700,000 List Date: 11/11/2025 Last Modified: 11/11/2025

Overview

Description

6.4% cap rate! Fully Leased Medical and Office Building available for sale with great access and visibility from Rivers Ave (37,800 vehicles per day). The 2-story building is approximately 6,800 SF and sits on 1.02 AC. The back parking lot allows for ample parking (approximately 30 spaces) under magnificent live oaks. Year 1 Net Operating Income is $172,439. The first floor is approximately 4,200 SF of medical office that was renovated in 2022. First floor is owner occupied, inquire for lease terms. The first floor consists of an oversized waiting room, 10 exam rooms, 4 restrooms, 8 offices, nurses' stations, reception, check out, and storage room. There is access to the second floor from the first floor and a future elevator shaft (no elevator at present). See attached floor plan. The second floor is approximately 2,600 SF and is occupied by a law firm with a long-term lease in place. The second floor was recently renovated in 2023 and has its own exterior gated private entranc ... (Read more)

Listing Details MLS# 31004951

Location

Street Number: 5880
Street Name: Rivers
Street Suffix: Avenue
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 32 - N.Charleston, Summerville, Ladson, Outside I-526
State or Province: SC
Postal Code: 29406
Parcel Number: 472-03-00-111
Opportunity Zone: No

General Information

Property Sub Type: Office
Secondary Sub-Type: Special Purpose
Listing Name: 100% Leased Medical Office Investment Property For Sale at 6.4% Cap Rate
Is Condo?: No
Property Condition: Existing
Number of Units Total: Yes
Building Area Total: 6800
Lot Acres: 1.02
Zoning: City of North Charleston - B-2 - General Business District
Property Visibility: Excellent
List Price/Acre: 2647058.82
List Price/SqFt: 397.06
For Comp Purposes Only: No
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2024-11-11
Original List Price: 2850000

Building Related

Stories Total: 2
Year Built: 2007
Year Renovated: 2023
Parking Total: 30
Number Of Buildings: Yes

Land Related

Part of Planned Development?: No
In Flood Plain?: No

Status Change Info

Status Change Date: 2025-11-11

More Information

Auction Details

Auction: No

Directions & Remarks

Public Remarks: 6.4% cap rate! Fully Leased Medical and Office Building available for sale with great access and visibility from Rivers Ave (37,800 vehicles per day). The 2-story building is approximately 6,800 SF and sits on 1.02 AC. The back parking lot allows for ample parking (approximately 30 spaces) under magnificent live oaks. Year 1 Net Operating Income is $172,439. The first floor is approximately 4,200 SF of medical office that was renovated in 2022. First floor is owner occupied, inquire for lease terms. The first floor consists of an oversized waiting room, 10 exam rooms, 4 restrooms, 8 offices, nurses' stations, reception, check out, and storage room. There is access to the second floor from the first floor and a future elevator shaft (no elevator at present). See attached floor plan. The second floor is approximately 2,600 SF and is occupied by a law firm with a long-term lease in place. The second floor was recently renovated in 2023 and has its own exterior gated private entrance which leads into the stairwell, with great natural light from the oversized window, up to the second floor. Upon reaching the top of the stairs, you enter a large lobby and break room. The rest of the layout consists of 5 private offices, a large conference room, 2 bathrooms, and 8 dormer closets that are built out to full ceiling height, contain their own windows, and have AC and lighting. Additionally, there are two unconditioned attic spaces (not included in SF). Most all of the offices have windows. The property is in close proximity to I-26. The premises is highly secure, with a gated second floor entry area, video surveillance around the exterior of the property, and a separate alarm system in place for first and second floor. Active Leases in place. Do NOT approach business or employees.

Property Sub Type

Office: Yes
Special Purpose: Yes

Existing Lease Type

Other: Yes

Current Use

Commercial: Yes
Investment: Yes
Medical/Dental: Yes
Office: Yes

Structure Type

Free Standing: Yes

Parking Type

Surface: Yes

Property Features

Property Sub Type: Office; Special Purpose Current Use: Commercial; Investment; Medical/Dental; Office Structure Type: Free Standing Existing Lease Type: Other Parking Type: Surface

Documents

Floor Plan ›

Brochure ›

Listing Office: Carolina One Commercial Real E

Last Updated: November - 11 - 2025

Properties marked with IDX logo are provided courtesy of South Carolina Commercial Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Carolina Commercial Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.