Mixed Use Building on East Bay Street

Multi-Family for Sale
Catylist Listing ID: 30053589
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 3 Units
Building Size (RSF): 9,876 SF
Gross Building Area: See Agent
Sale Price: $4,950,000
Unit Price: $1,650,000 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Sylvester Jancovitch Building
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 5/18/2018

Overview / Comments

Downtown multi-family property. Located at 241 East Bay Street just 2 blocks from Market Street, this building consists of a first floor Class A commercial suite, two fully-furnished and equipped residential suites with a separate entrance, and 9 parking spaces. Suite 100 is 2,677 square feet and features a fully-equipped bar and kitchen, 1 full and 1 half bathroom, conference room, and a large, open space. The residential Suite 200 is 2,746 square feet and spans the second floor, featuring an open living/family/dining area, 3 bedrooms, 3 full bathrooms, tv room, and high-end finishes like Thermador appliances, marble countertops, and a private elevator. The third floor residential Suite 300 is 2,091 square feet and offers 2 bedrooms, a sleeping alcove, 2 full bathrooms, and unique architectural details including cathedral ceilings, exposed beams, arched windows, and marble countertops. The entire property is filled with natural light, hardwood and tile flooring, and contains new HVAC, plumbing and electrical. 241 East Bay Street was originally two buildings - 241 Easy Bay a historical structure circa 1871 and 243 East Bay built in 1987. The entire building was completely renovated in 2017

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 458-05-03-031
Zoning: GB - General Business
Property Located Between: Market Street and Hasell Street
Airports: CHS
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1871
Year Renovated: 2017
Roof Type: Hip
Construction/Siding: Stucco
Parking Ratio: 0.9 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 9
Passenger Elevators: 1
Laundry: In Each Unit
Heat Type: Electricity
Zoning Description: General Business
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,599 59,407 130,265
Median Age: 29.88 34.5 36.79
Households: 7,127 24,857 55,214

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