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: $10,000,000
Unit Price: $495.98 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: 12/9/2018

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

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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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