Condo & Commercial Development Site

Retail-Commercial for Sale
Also listed as Office, Multi-Family
Catylist Listing ID: 30216596
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 20,162 SF
Gross Land Area: 0.22 Acres
Sale Price: $8,850,000
Unit Price: $438.94 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: 35 Prioleau Street - Existing Harbour Club
Usable Size (USF): 20,162 SF
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 4/5/2020

Overview / Comments

This property is an existing restaurant/special event venue. The City of Charleston has identified this property as a multi-family development site and will allow density to be whatever that is feasibly practical for the developer. The property includes a 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.

Valet drop-off at main entrance of building.

The rear half of building recommended being razed and redeveloped. Property is also available for lease.

Note: May be combined with adjacent building for an additional 8,0000 SF

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
Zoning: LB - Limited Business
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: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 9,460 SF
Property Condition: Good
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 1-block away.
Passenger Elevators: 1
Heat Type: Electricity, Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Engineered System, Package Unit
Internet Access: Cable
Interior Description: Large chandelier lobby, finishes in keeping with upscale historic Charleston interiors. Exposed brick walls in several dining rooms & the ball room. Large veranda features gas lighting & a built in bar.
Zoning Description: The City of Charleston strongly supports the changing of zoning and height variances to allow for a high-end residential condo development here in the French Quarter of Charleston.
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 58,035 126,951
Median Age: 30.89 34.45 36.84
Households: 5,764 24,079 54,042

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