Upper Peninsula - Retail - Food & Beverage Use in Opportunity Zone

Retail-Commercial for Sale
Catylist Listing ID: 30394799
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.37 SF
Sale Price: $2,295,000
Unit Price: $655.71 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2021

Overview / Comments

Three separate Land parcels combined in the Opportunity Zone with approx 0.37 acres in prime Charleston Upper Peninsula area with King Street frontage located near the gateway to Charleston’s new (UP) Upper Peninsula District. One lot has approx 3,500 SF building with Food and Beverage Use. Located across the street from the new development 1304 Meeting near the intersection of Meeting and King Street and directly across from the soon to be built development offering several floors higher than ever before. Property is currently split zoned between GB, LI and SRF. These 3 parcels are located next to the new Upper Peninsula District, where more height and density are awarded based on building design, methods, mass, height and uses and will bring new development opportunities.. Property is ideal for Restaurant F&B, Mixed Use, Office, Medical, Multifamily and Retail.
PLEASE DO NOT DISTURB TENANTS!

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 464-14-00-076, 464-14-00-077, 464-14-00-078
Zoning: OTHER
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: King Street and Meeting Street
Property Visibility: Excellent
Largest Nearby Street: King Street
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,500 SF
Property Condition: Average
Year Built: 1975
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,259 64,245 138,778
Median Age: 33.8 34.6 35.76
Households: 3,106 26,297 58,051
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