Commercial, Investment, Second Homes, Foreclosures and Short Sales
Let our expertise in the Greater Charleston real estate market assist you in identifying the best investment opportunities available – residential, commercial and businesses. Even if you are a first time home buyer, we have the expertise to get you the best deal on any home – foreclosure, short sale, or not.
We have sold all types of properties, including commercial properties and businesses, throughout the Charleston Region since 2002. Our business brokerage marketing services have a 100% success rate.
Make sure to check out our predefined MLS searches for Charleston area Foreclosures and Short Sales.
Here are links to our exclusive commercial and development opportunities:
1312 Folly Road James Island SC 29412 - 1275 SF Existing Commercial Building/Residence in Charleston County/Town of James Island on 0.5 acres -Available
Maybank Landing Johns Island, SC 29455 - a commercial development at the intersection of Maybank Highway and Hollydale Court
1705 Hollydale Court Johns Island, SC 29455 - 0.64 acres Improved Commercial Lot Zoned General Business in the City of Charleston – Available
1725 Hollydale Court Johns Island, SC 29455 - 0.78 acres Semi-Improved Commercial Lot Zoned General Business in the City of Charleston – Available
1739 Hollydale Court Johns Island, SC 29455 - 5.7 acres Semi-Improved lot Zoned Single Family Residential SR-1 in the City of Charleston – Available
3130 Maybank Highway Johns Island, SC 29455 - 0.61 acres Improved Commercial Lot Zoned General Business in the City of Charleston – Available
Zelasko Park 1815-1831 Zelasko Drive Johns Island, SC 29455 - 1.8 acres Semi-Improved lot Zoned Single Family Residential R-4 in the County of Charleston with Approved Preliminary Plat to Subdivide into 5 SF Lots - Available
1824 Grover Road Johns Island, SC 29455 - 3.96 acres Income Producing MHU Zoned Single Family Residential R-4 in the County of Charleston – Available
3338 Maybank Highway Johns Island, SC 29455 – 850 SF Existing House Zoned Commercial Transitional in Charleston County on 2.3 acres – SOLD
1622 Highland Avenue at Old Folly Road James Island SC 29412 - 2500 SF Existing Commercial Building in Charleston County/Town of James Island on 0.86 acres – Leased
1901 N. Main Street Summerville, SC 29483 - 2167 SF Existing Commercial Building Zoned General Commercial in Berkeley County on 0.67 acres - OFF MARKET
Scroll below for some information about the various markets we service. Make sure to visit our Listings page for Jim Bobo Real Estate’s exclusive residential, commercial and business brokerage opportunities. Also, feel free to search the Greater Charleston Region’s MLS where you can set up an account for free and search all available listed opportunities.
The Greater Charleston Area covers about 50 miles of coastline and reaches about 40-50 miles inland, making it one of South Carolina’s largest geographically populated areas. Like South Carolina’s other large metropolitan areas (Columbia and Greenville/Spartanburg), Greater Charleston offers a wide range of employment & business opportunities in all types of industries from agriculture to hi-tech defense weaponry.
Boeing’s new 787 Dreamliner production facility is the largest single industrial investment in the history of the State and is anticipated to throw off some 15,000+ jobs and pump $6 billion annually into the Greater Charleston Area’s local economy – and even more State-wide. The impact on the industrial market has already been felt.
Residential rental – long-term
“Rents are rising, vacancies are falling, household formations are growing and rental supply is limited,” according to a recent report, “2012: The Year of the Landlord,” issued by Morgan Stanley. “We believe the demand for rental properties will continue to grow.”
Throughout the greater Charleston area, the multi-family and single family rental investment market will continue its already robust growth as demand by renters continues to strain supply. It is our opinion that three main factors are fueling this market: 1) the endemic high foreclosure rate and short sales; 2) potential buyers delaying purchasing decisions and instead opting to rent for the interim; and 3) low prices and escalating rental rates offering excellent rates of return on your investment.
Residential rental and second homes/vacation homes – short-term
Charleston has long been a preferred venue for 2nd homes by the more affluent from all across the United States and internationally. Whether it’s a small “hotel condo” where you can reserve vacation time for your personal use and lease out the rest of the time through the on-premises staff, or a private estate for your exclusive use, Jim Bobo Real Estate can help you identify the appropriate opportunities.
Specialty commercial: office, retail, restaurant & entertainment venues
As the economy and consumer confidence continue to show signs of improvement, although somewhat erratic, small-business confidence is returning. This presents good opportunities for commercial investors and business owners to purchase or lease while rates and prices are still exceptionally low. There is an abundance of existing commercial properties in both prime or emerging-prime locations with substantial existing population and/or employment densities, or where significant residential growth or industry is expanding. Land acquisition and development remains a highly viable option because of low land prices.
Land & Development
In some areas throughout Charleston, land prices have dropped to 15+ year lows, creating excellent opportunities for land acquisition. Many available parcels have been rezoned to commercial or subdivided, granting excellent development opportunities, while others have been rezoned as “Planned Developments“, granting the owner deeded (permanent) development opportunities. Costs associated with creating an approved PD can run into the hundreds of thousands, or even millions of dollars, and can take years. There have been some exceptional buys over the last several years, and some incredible deals still remain.
Land acquisition strategies may consist of buy & hold, or buy and develop. Construction costs have dropped and permitting may be less strenuous than in the past as some local planning authorities have adopted new development guidelines intended to reduce the overall cost of development and somewhat streamline the permitting process. Smaller residential neighborhoods in the $150,000 – $200,000 price range like The Cottages off Maybank Highway (Johns Island) have seen tremendous success over the last year, selling over 50 homes with zero available inventory as of 9/18/2012.
The trend by planning bodies is to adopt more streamlined and/or flexible development codes that replace the traditional zoning labels like “General Office”, “General Retail”, etc with a system that grants planning bodies more flexibility in approving proposed uses based on the surrounding area. This new codification is generally referred to as SmartCodes. Many greater Charleston area governing authorities – both municipalities and counties – are beginning to adopt new development codes based on these SmartCode concepts.
We believe mixed-use development based on SmartCodes will become a dominant part of the landscape in the near future, especially in-fill projects. Mixed-use allows higher residential densities combined with commercial development and will be encouraged as in-fill projects by local planning authorities. “In-fills” are generally parcels well suited for development or redevelopment located in more developed urban or suburban areas with immediate access to existing infrastructure like roads, utilities, shopping, entertainment, medical services and public services including safety (police & fire protection), libraries, and schools. In-fill development eliminates or reduces the need to expand existing facilities and significantly reduces urban and suburban sprawl.