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: $1,875,000
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/6/2020

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.

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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


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