Morgan Avenue Commons – Andrews, SC

10 S Morgan Ave, Andrews, SC 29510, USA

Sands Investment Group is pleased to exclusively offer for sale the Morgan Avenue Commons Asset at 10 S Morgan Avenue in Andrews, SC. This multi-tenant retail asset presents a compelling value-add opportunity through lease-up of existing vacancy and completion of a partially unfinished unit, allowing for meaningful NOI growth. With a functional layout, strong accessibility, and proximity to key regional markets, the property is well-positioned for investors to enhance performance through strategic leasing and repositioning.

  • 10 S Morgan Ave is a multi-tenant commercial property totaling approximately 11,340 square feet. Originally constructed in 1950 and renovated in 2004, the building offers updated functionality while maintaining its established presence in the market.
  • The property is divided into seven units, with one currently vacant, resulting in approximately 86% occupancy. The available suite spans roughly 1,200 square feet, presenting immediate value-add potential through lease-up. Additionally, Unit #3 remains partially unfinished, featuring concrete floors and no interior paint, creating further upside through completion and stabilization.
  • Situated on a 0.75-acre parcel, the asset includes approximately 30 surface parking spaces and is zoned commercial (NEC). The layout allows for flexible tenant use and convenient access for both customers and occupants.
  • Located in Andrews, South Carolina, within Georgetown County, the property benefits from connectivity to key regional markets, including Georgetown, Myrtle Beach, and Charleston via nearby thoroughfares.
  • With in-place tenancy providing stable income and clear opportunities to increase occupancy and optimize rents, the property offers a compelling mix of current cash flow and value-add upside.

In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891 BoR: Chris Sands – Lic. SC #93103

Price

$623,700

Cap Rate

12.25%

PREMISES

11,340 SF

BROKERS

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