123 S Cedar StreetSummerville, SC 29483

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.

• MLS ID31007823
• Property TypeRental - Retail
• ClassClass A
• Current UseCommercial, Retail
• Days on Site120
• Existing Lease TypeNNN
• Parcel Number137-07-07-021
• Rent (High)36.00
• SewerPublic Sewer
• ZoningDorchester - D-MX - Downtown Mixed-Use