180 East Bay

Retail-Commercial for Sale
Catylist Listing ID: 30204452
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 9,822 SF
Gross Land Area: 5,082 SF
Sale Price: $4,995,000
Unit Price: $508.55 PSF
Property Use Type: Investment, Business
Building Name: Lefever Building
Usable Size (USF): 8,497 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 12/1/2018

Overview / Comments

178-180 East Bay St. Significant masonry building built in 1794 with 20th century addition. Great for continued office retail use at market rates.
Currently 9,822 sq. ft. of retail office use. Zoning approved for Hotel / Retail Use along with Conceptual BAR approval for new addition totaling approximately 13,000 sq. ft. Plans available. 7 on site parking places, 4 additional available. Possible Conservation Easement and Historic Tax Credit available.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: City of Charleston
Tax ID/APN: 4580902027
Zoning: GB - General Business
Retail Clientele: Business, Tourist
Property Located Between: Market and Broad Streets
Property Visibility: Excellent
Largest Nearby Street: East Bay
Feet of Frontage: 50
Airports: Charleston International
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,400 SF
Property Condition: Average
Year Built: 1794
Year Renovated: 1990
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Masonry Stucco
Total Parking Spaces: 11
Parking Type: Surface
Parking Description: 7 on site and 4 off site available
Heat Type: Natural Gas
Air Conditioning: Package Unit, Other
Internet Access: Cable
Zoning Description: General Business/ Accommodations Overlay Zone. Permitted for small Hotel
Lot Frontage: 50.7
Lot Depth: 103
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Utility
Land Ownership: Fee Simple
Legal Description: 178-180 East Bay St,

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,363 59,985 125,494
Median Age: 30.58 34.49 36.85
Households: 6,163 24,973 53,357

Contact

Photograph of Listing Agent

Julian V Brandt, III

Julian V Brandt Inc SCCMLS Member
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