Duplex Office / Multifamily For Sale- Opportunity Zone

Office for Sale
Sale Pending/Contingent
Also listed as Multi-Family
Catylist Listing ID: 30373241
Property Subtypes: Executive Suites, High-Tech, Medical, Mixed Use, Office Building
Status: Pending/Contingent
Building Size (RSF): 1,848 SF
Gross Building Area: See Agent
Gross Land Area: 0.06 Acres
Sale Price: $695,000
Unit Price: $376.08 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.59%
Last Updated: 5/13/2019

Overview / Comments

Newly renovated Commercial Duplex Office Building for Sale or Lease- this beautifully renovated office building is located in downtown Charleston in one of the fastest growing neighborhoods “UP Upper Peninsula District” Located directly across the street from Tech companies SIB, Blue Acorn and near by Boomtown, ConRex, Harbor Accelerator. Surrounded by some of the best restaurants and breweries in the city such as Butcher & Bee, Goat Sheep Cow, Edmunds Oast, Home Team BBQ, WorkShop at PB&C, Tattooed Moose, Lewis BBQ etc. Central location with direct access to I-26 and HWY 17.

The Top floor unit B is completely remodeled, vacant and available now.
Suite B offers approx. 924 SF office space with 2 private offices and 2 large open areas perfect for community office environment. Suite A (bottom floor) has similar layout. Both units can be combined for a single Tenant user or owner occupied.

Cap rate potential is 7.59% with future tenants in place.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 463-12-02-086
Zoning: LB - Limited Business
Property Located Between: Cypress Street and Meeting Street
Property Visibility: Excellent
Highway Access: I-26
Area Description: 781 Meeting Street is a fantastic opportunity to be a part of Downtown Charleston’s premier and most desirable locations. Charleston’s Upper Peninsula is transitioning from its heavy industrial and commercial roots to modern workplaces, retail, restaurants and dense housing. It is a place where locals go to live, work and play because of its unique character, corridor of high-tech businesses and local flavor. 781 Meeting Street makes for a desirable location because of it’s central location and accessibility. The property is only 2 miles from Downtown Charleston’s Marion Square, 10 miles to the North Charleston’s Airport, 3 miles to West Ashley, 3 miles to Mount Pleasant, 11 miles to Daniel Island, and 5 miles to James Island.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 924 SF
Year Built: 1925
Year Renovated: 2018
Roof Type: Folded Plate
Construction/Siding: Wood Siding
Exterior Description: All new exterior painted
Parking Type: Surface
Parking Description: Long narrow Driveway with potential parking in rear.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: All Freshly painted, new kitchen and bath in unit B.
Zoning Description: Limited Business and Opportunity zone
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,767 59,797 137,897
Median Age: 35.17 34.1 35.91
Households: 3,712 24,652 57,342
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