Charleston-Area Assisted Living | Undersupplied Market

Starting Bid: $300,000

Auctioneer: Lamar P. Fisher

Auctioneer Company: Fisher Auction Company Inc.

Auctioneer License: 3981

Auctioneer License 2: Co: 3996

• 39-Unit Former Assisted Living Community: Single-story senior living asset on 3.4 acres in James Island, Charleston County, SC.

• Vacant Asset Offering Full Reposition Control: Delivered vacant and unencumbered, allowing a buyer to reprogram operations without a legacy lease.

• Charleston Coastal Submarket Location: Site sits six miles from downtown Charleston with access via SC Highway 171 and US Route 17.

• Near MUSC Health and 24/7 Emergency Care: MUSC Medical Center is a 15-minute drive; an HCA freestanding ER serves James Island itself.

In Association with Scott Reid & Parasell, Inc. A Licensed South Carolina Broker #23763Brokered by SVN | Senior Living Advisors and powered by RealINSIGHT Marketplace, 1501 Secessionville Road in James Island, South Carolina is a 39-unit, one-story former assisted living community offered vacant and free of debt. Built in 1998 on 3.4 acres totaling approximately 27,868 square feet, the property previously operated as licensed assisted living and now conveys with no in-place operations, giving a buyer full control to reposition, re-license, or reprogram the community without inheriting existing staffing, census, or management obligations. The James Island trade area supports the thesis: within five miles, 2,792 seniors aged 75-plus are income-qualified for assisted living against only 105 competitive AL units, and median household income runs $116,250. The site sits roughly six miles from downtown Charleston with connectivity via SC Highway 171 and US Route 17, minutes from MUSC Health's academic medical center and an on-island HCA freestanding emergency room. The asset will be sold fee simple, as-is, via a November 4, 2026 auction on RIMarketplace.com, with 10% non-refundable earnest money due at contract execution and no post-auction contingencies.