6/8 Gillon Street

Office for Sale
Catylist Listing ID: 30390199
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 4,886 SF
Gross Building Area: See Agent
Sale Price: $1,950,000
Unit Price: $399.10 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: 5.6%
Last Updated: 7/28/2019

Overview / Comments

Owner says Bring an Offer. A rare and unique opportunity to purchase one of Charleston's most historic and amazing properties on the most famous cobblestone street in the French Quarter. Steps to some of the best restaurants, art galleries and waterfront park and courthouse. This property is currently used as multiple tenant office space and one residential apartment. However, it has a multitude of opportunities including residential, office or a combination of both. It is currently fully leased and has further income producing avenues.

A two story 1820's renovated building that has a new roof, paint in 2017 and upgraded individual offices.

This fully rented building currently is configured with a large office space on the first floor with a bathroom and conference room, and it's own entrance. The other side has a separate entrance with a two room office on the first floor and four individually rented offices on the second floor (shared bathrooms). The second floor also has a renovated and furnished one [1-bed/1-bath] apartment with it's own entrance, and roof access. Could easily be reconfigured for residential use or residential on the second floor and commercial / office on the first. The possibilities here are endless. A multitude of opportunity awaits for the next investor or owner/user. Rent roll available upon request. No Parking.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 458-09-04-043
Zoning: LB - Limited Business
Property Located Between: East Bay/Prioleau
Property Visibility: Excellent
Site Description: Located in the French Quarter on Gillon Street. At the end of Broad Street behind the Old Exchange Building. There is a large 4 hour metered parking lot directly in front of the building.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1820
Roof Type: Flat
Construction/Siding: Stucco

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,866 57,173 123,990
Median Age: 30.96 34.74 36.86
Households: 5,485 23,806 52,952

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