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 Acres
|
| 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: |
9/26/2022 |
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 |
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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