Catylist Listing ID: 30811903
Property Subtypes: Assembly/Meeting Place, Health Care/Medical, Library, Museum/Gallery, School/University, Senior Housing, Sports/Entertainment, Other
Building Size (RSF): 9,344 SF
Gross Building Area: See Agent
Gross Land Area: 0.44 Acres
Sale Price: $4,375,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 4.12%
Last Updated: 9/23/2022

Overview / Comments

These parcels are unique located on the Peninsula steps away from MUSC contains 5 properties that sit on lots that are all adjacent to each other, and positioned in high growth area of Westside on the Peninsula with flexible and differentiating zoning surrounding this location, making this location ideal for site development. Just under 200 feet of frontage on Spring Street, as well as potential ingress and egress locations possible on surrounding side streets. Currently zoned GB, with surrounding parcels being utilized for multiple uses ranging from upscale senior living, to hotel / hospitality.

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: 4601104110, 4601104111, 4601104112, 4601104113, 4601104166
Zoning: GB - General Business
Property Located Between: Spring St & Cannon St
Property Visibility: Excellent
Highway Access: Interstate 26, 526 and Hwy 17
Airports: Charleston International Airport - 10.3 miles
Site Description: Ingress & Egress possibilities with access from Spring Street and Wescott Court that leads to a direct connect to I26 and 526 via Septima Clark Parkway
Area Description: Heavy development in the direct proximity of this property make for an ideal investment for rental income or site development.
Total Number of Buildings: 5
Property Condition: Fair
Year Built: 1890
Construction/Siding: Brick, Wood Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central, Wall Units, Heat Pump
Air Conditioning: Engineered System
Zoning Description: The General Business, GB District allows a broad range of commercial uses and activities. It is the most intensive commercial zoning district.
Lot Frontage: 192'
Lot Depth: 114'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,228 60,900 139,054
Median Age: 28.59 34.92 36.18
Households: 8,587 25,795 58,576
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