216 Ashley Avenue

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30462741
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 5,345 SF
Sale Price: $1,900,000
Unit Price: $355.47 PSF
Property Use Type: Vacant/Owner-User
Building Name: The Thomas Waring House
Class of Space: Class B
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/31/2019

Overview / Comments

The Thomas Waring house is a mid 19th century property ripe for renovation and redevelopment. Located on the corner of Ashley Ave and Cannon St in the Short Term Rental Overlay District of the Historic Cannonborough-Elliotborough neighborhood, this property has significant income potential. The owner has detailed drawings which propose demising it into five attractive and efficient short term rental units. Potentially eligible for significant state and federal tax credits. Contact listing broker for details.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4601502123
Highway Access: From downtown, take Ashley Ave to Cannon Street. 216 Ashley is on the corner on your right. From I-26, take King Street exit south. Turn right on Cannon St. 216 Ashley will be on your left before you cross Ashley Ave.
Area Description: 216 Ashley is located in Cannonborough, a desireable and vibrant neighborhood with a plethora of restaurants, cafes and local shops. It is blocks from Upper King Street to the east and Medical University of SC to the west.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1853

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,315 57,832 136,268
Median Age: 27.2 34.23 36.29
Households: 10,021 24,554 56,862
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