Restaurant/Special Event Venue
Retail-Commercial
for Sale
Also listed as Hospitality, Special Purpose
| Catylist Listing ID: |
30216596 |
| Property Subtypes: |
Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
|
| Building Size (RSF): |
20,162 SF
|
| Gross Land Area: |
0.22 Acres
|
| Sale Price: |
$9,800,000 |
| Unit Price: |
$486.06 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Net Leased Investment (NNN), Vacant/Owner-User |
| Building Name: |
35 Prioleau Street - Harbor Club |
| Usable Size (USF): |
20,162 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
4.0% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
2/19/2019 |
Overview / Comments
|
This property is an existing restaurant/special event venue. The property includes an historic 3-Story masonry building originally built in 1814. The entire property was completely renovated in 1995 for the existing tenant. Building location sits in the exclusive “French Quarter” area of Downtown Charleston, just off of East Bay Street & Vendue Range. Property has a prominent Tenant is in place, however Landlord has the singular right to terminate lease. Rear half of building recommended to be razed and redeveloped. Property is also available for lease.
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
51 - Peninsula Chas. inside of crosstown |
| Taxing Authority: |
City of Chaleston` |
| Tax ID/APN: |
458-09-02-007 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Convention, Other |
| Property Located Between: |
East Bay Street and Vendue Range |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
East Bay Street |
| Feet of Frontage: |
110 |
| Area Description: |
Historic Charleston French Quarter |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Typical SF / Floor: |
9,460 SF |
| Property Condition: |
Excellent |
| Year Built: |
1814 |
| Year Renovated: |
1995 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick, Stucco |
| Exterior Description: |
Painted stucco and exposed historic brick. |
| Parking Type: |
Structure |
| Parking Description: |
Street parking and parking passes in City of Charleston parking garage i-block away. |
| Passenger Elevators: |
1 |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System, Package Unit |
| Internet Access: |
Cable, Satellite |
| Lot Frontage: |
110 |
| Lot Depth: |
90 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,441 |
56,697 |
126,951 |
| Median Age: |
30.89 |
34.04 |
36.84 |
| Households: |
5,764 |
23,549 |
54,042 |
|
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