OPPORTUNITY ZONE PROPERTY

Retail-Commercial for Sale
Catylist Listing ID: 30319204
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 4,001 SF
Gross Land Area: 0.05 Acres
Sale Price: $2,500,000
Unit Price: $624.84 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2018

Overview / Comments

For Sale and For Lease
4 Unique Units
General Commercial w/Retail Storefronts and Residential Units
Total 4001 SF, Two Stories
Excellent Condition and Great Corner Location on King Street and Congress Street in Upper Downtown Charleston SC (area known as design district).
The epic center of growth of New Apartments, Art Galleries, Trendy Restaurants, High Rise Lofts and Hotels on the second oldest street in downtown Charleston. The neighborhood features new construction as well as historic homes and businesses classically renovated with detail and contemporary features. Very close proximity to crosstown Septima P. Clark Expressway.

This property includes:

Retail Space 724A 847 SF
Retail Space 724B 1073 SF. CALL FOR LEASE AVAILABILITY

Apartment 724C 1051SF
Approximate Long term rental rate of $2200-$2500 month.

Apartment 724D 916 SF
Approximate Long term rental rate of $2200-$2500 month

At $2.5 Million this opportunity captures the best Charleston offers past and present combined.
Co-Listed by Coldwell Banker Carolinas

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Taxing Authority: City of Charleston
Tax ID/APN: 4631603119
Retail Clientele: General, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: King
Tenancy: Multiple Tenants
Typical SF / Floor: 4,001 SF
Property Condition: Excellent
Year Built: 1973
Year Renovated: 2017
Roof Type: Flat
Parking Type: Other
Parking Description: On street
Heat Type: Electricity
Heat Source: Central
Internet Access: Cable
Interior Description: Excellent Renovation. See Pictures
Zoning Description: General Commercial
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,923 57,497 135,838
Median Age: 29.83 33.58 36.08
Households: 7,784 24,242 56,636
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