Downtown Charleston Investment- Residential and Commercial

Special Purpose for Sale
Also listed as Multi-Family
Catylist Listing ID: 30627554
Property Subtypes: Assembly/Meeting Place, Funeral Home/Mortuary, Senior Housing, Other
Building Size (RSF): 6,884 SF
Gross Building Area: See Agent
Sale Price: $1,900,000
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/2/2020

Overview / Comments

This Downtown Charleston Property is located right off of King Street behind O-Ku Restaurant. The site is currently used as a Funeral Home. The property is zoned DR-2, Diverse Residential Zoning in the City of Charleston that allows a few options. The site can be also considered for for a Residential Short Term use. See more zoning descriptions below. All uses need to be verified with the City.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4601202035
Zoning: DR-2 - Diverse Residential (26.4 units per acre)
Property Visibility: Excellent
Largest Nearby Street: King Street
Airports: Charleston International Airport
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1978
Zoning Description: Zoned DR-2, City of Charleston The Diverse Residential zoning districts allow one-family detached dwellings, one-family attached dwellings, two-family dwellings, and multi-family residential (3 or more) dwellings. Density limitations for the DR-6, DR-9, DR-12, DR-1, DR-1F, DR-2, DR-2F districts are 6.0, 9.0, 12.0, 19.4, 19.4, 26.4 and 26.4 units per acre of high ground respectively. Within the DR-1, DR-1F, DR-2, DR-2F districts, the Board of Zoning Appeals may approve as a special exception, churches, homes for the elderly, and other low impact uses as described in the zoning ordinance. Residential Short Term Rental Category - SR CAT 2 A residential short term rental use may be permitted as a Category 1, Category 2, or Category 3 STR Permit, if the zoning administrator determines the STR to be an accessory use to the principal residential use on a property which satisfies the requirements of Section 54-208.1, 54-208.2, or 54-208.3, as applicable, and issues a permit for such STR use.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,735 57,192 137,010
Median Age: 28.98 34.17 36.54
Households: 9,511 24,188 57,250

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.