Downtown Hotel Site with Conceptual BZA Approval
Hospitality
for Sale
Also listed as Vacant Land
| Catylist Listing ID: |
30701562 |
| Property Subtypes: |
Hotel, Other
|
| Building Status: |
Proposed |
| Number of Units: |
50 Units |
| Building Size (RSF): |
See Agent |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.14 - 0.70 Acres
|
| Sale Price: |
$7,400,000 |
| Unit Price: |
$148,000 Per Unit |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/18/2021 |
Overview / Comments
Birchin Lane Realty Advisors is pleased to present this potential hotel site in historic Downtown Charleston, South Carolina. The parcel is at the highly visible corner of Cumberland and State Streets, just steps away from the famed City Market. The site is zoned General Business in the Accommodations Overlay and has a conceptual zoning (BZA) approval for a 50-key hotel with ground floor restaurant and event space. The sale of this parcel would include a vehicle access easement over the adjacent parcel with frontage on Linguard Street. All parking requirements have been met with long term leases in a nearby Charleston County-owned parking garage at the corner of Church and Cumberland Streets.
While being sold “stand alone”, this parcel is part of an overall property assemblage that is also for sale in it’s entirety. See Catylist #30701567 for more information on the assemblage.
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
51 - Peninsula Chas. inside of crosstown |
| Tax ID/APN: |
458-05-03-089 |
| Zoning: |
GB - General Business |
| Property Visibility: |
Excellent |
| Site Description: |
Fantastic potential hotel site in Downtown Charleston with frontage on Church Street, Cumberland Street and Linguard Street. |
| Year Built: |
1972 |
| Part of Planned Development?: |
Yes |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,690 |
60,756 |
132,467 |
| Median Age: |
30 |
34.56 |
36.68 |
| Households: |
6,759 |
25,333 |
56,316 |
|
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