Landmark Building & Parking Lot For Sale

Retail-Commercial for Sale
Also listed as Special Purpose, Vacant Land
Catylist Listing ID: 30634236
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 16,313 SF
Gross Building Area: See Agent
Sale Price: $13,500,000
Unit Price: $827.56 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/3/2020

Overview / Comments

161 E. Bay Street, also known as The Wagener Building, is a prominent and well-known property, located at the southwest corner of E. Bay St. & Queen St., in the French Quarter of Charleston. After an extensive rehab, the majestic Wagener Building is now bulletproof and is a clean palette, ready for its remaining buildout & next user. Improvements include: major structural reinforcement, new roof, levelling of floors, approval and partial installation of rooftop deck providing panoramic views, brick repointing, and more, with potential to qualify for historic tax credits.161 E. Bay St. is being sold in conjunction with the (40) space parking lot located at 145 E. Bay St. Seller may consider selling 161 E. Bay by itself.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 458-09-01-213 & 458-09-01-008
Year Built: 1880

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,441 60,756 125,494
Median Age: 30.89 34.56 36.85
Households: 5,764 25,333 53,357

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