Highly desirable island commercial lot offering numerous possibilities! 4-plex with great potential to make improvements and drastically increase rents. How about keeping one apartment for your own use and renting out the other 3 apartments? It would be an excellent way to offset expenses while having use of your property. All the while, you would own commercial real estate on Folly. Or, demolish the existing structure and build 2 residential homes. Plus, excellent opportunity for commercial use on a street to street lot with close proximity to Center Street in the center of town. Situated next to the City Hall/Fire Station complex. 4 separate electric meters, tenants pay their own electric. Owner pays water quarterly. Property is on 2 septic systems.To connect to public sewer, you would have to ask city council for permission to tie in. If approved the nearest sewer to the complex is the alley way behind City Hall. You would be responsible for all construction costs and sewer tap and impact fees.
LISTED BY Carolina One Real Estate Folly Beach, (843) 588-1212
