6 - 8 Gillon Street

Office for Sale
Catylist Listing ID: 30212360
Property Subtypes: Executive Suites, Mixed Use, Office Building, Other
Building Size (RSF): 4,856 SF
Gross Land Area: 0.06 Acres
Sale Price: $1,950,000
Unit Price: $401.57 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 6 - 8 Gillon Street
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Average Occupancy Rate: 100
Last Updated: 9/17/2018

Overview / Comments

6-8 Gillon Street is a great looking two story office/residential building that has been renovated in the heart of the historic district. It is just off the corner of East Bay Street and Broad Street behind the Old Exchange Building. The building has a new roof and the exterior was painted in 2017. The building contains two office suites in the first floor, four office suites on the second floor and one bedroom apartment on the second floor. The apartment is fully furnished. All of the office suites are leased but two are month to month so the new owner could occupy the office space and live in the apartment. The building is approx. 4,856 SF and sits on 0.06 acre. These numbers were pulled from the tax records. Flood Zones is AE 14. A city owned metered parking lot is directly in front of the building. The apartment is very nice and the offices have been renovated. The property is zoned Limited Business. The building stays leased due to its location and the need for small office suites downtown.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4580904043
Zoning: LB - Limited Business
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1978
Year Renovated: 2017
Roof Type: Flat
Zoning Description: Limited Business
Lot Frontage: 61
Lot Depth: 43
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,866 57,173 123,990
Median Age: 30.96 34.74 36.86
Households: 5,485 23,806 52,952


Photograph of Listing Agent

Charles S Carmody

Photograph of Listing Agent

Alicia Leland

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