Multi Purpose building

Multi-Family for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30192908
Property Subtypes: Duplex/Fourplex, Mixed Use, Other
Number of Units: 8 Units
Building Size (RSF): 8,200 SF
Gross Land Area: 0.12 Acres
Sale Price: $2,500,000
Unit Price: $312,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 8,200 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/21/2018

Overview / Comments

This building can be all that you want it to be, currently being used for storage!!! Multiuse, could be renovated into 3 office spaces with bathrooms all on the lower level with their own private entrances. 3 huge apartments upstairs (1-1bdrm/bath & 2 - 2brm/bath), again with its' own entrance. In addition, there is a potential space for a separate business/restaurant/retail with store front with an additional bath, kitchen & additional office space. Building needs total renovation, let this be your canvas! The location is a prime corner lot, right across from Hampton Park. This building offers over 7,200 sqft, 8 bathrooms to accommodate each useable space! You will not find another opportunity with this much potential at this price and located downtown in the mist of Growth! Don't miss this opportunity, sky is the limit for potential cash flow on this property.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 463-15-04-070
Zoning: GB - General Business
Property Located Between: Corner of Cleveland & Rutledge
Highway Access: Interstate 26
Airports: 15 minutes
Site Description: Corner lot across from Hampton Park!
Area Description: This area is growing by leaps and bounds, renovation all around!
Total Number of Buildings: 1
Property Condition: Poor
Number of Stories: 2
Year Built: 1981
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Other
Parking Description: Off Street
Heat Type: Natural Gas
Zoning Description: General Business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,997 61,143 138,721
Median Age: 28.92 34.2 35.97
Households: 7,272 25,684 58,293
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