125 Meeting Street retail unit

Retail-Commercial for Sale
Catylist Listing ID: 30520185
Property Subtypes: Street Retail
Building Size (RSF): 2,443 SF
Gross Building Area: See Agent
Sale Price: $2,000,000
Unit Price: $818.67 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller, Other
Cap Rate: 5.0%
Last Updated: 9/4/2020

Overview / Comments

Street level retail space that is currently leased to established tenant. The space is in excellent condition and is in a central location with high foot traffic. Property is being sold with two parking spaces located in adjacent parking lot.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 457-08-04-005
Property Visibility: Excellent
Largest Nearby Street: Queen Street
Site Description: Property consists of the first floor. Three residential condos occupy the second and third floors. Access to those floors are via a stairwell that is just to the south of the retail area via separate doors.
Tenancy: Single Tenant
Property Condition: Excellent
Year Built: 1870
Total Parking Spaces: 2
Parking Type: Surface
Parking Description: Parking is located in 70 Queen Street. Additional spaces are available for purchase at $130,000 per. Each parking space has its own TMS number.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,814 61,782 127,237
Median Age: 29.18 34.69 36.79
Households: 5,963 25,800 54,124

Contact

Photograph of Listing Agent

Beau M Mueller, III

Carriage Properties LLC SCCMLS Member
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