11 Cunnington Ave

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30393402
Property Subtypes: Office Building, Other
Status: Pending/Contingent
Building Size (RSF): 3,074 SF
Gross Land Area: 0.08 Acres
Sale Price: $595,000
Unit Price: $193.56 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/25/2019

Overview / Comments

Office building, 2,122 SF, plus additional 952 SF warehouse storage in the rear, located in Opportunity Zone. This parcel is in a 0.2% Zone, outside of AE Zone, located in Charleston’s Upper Peninsula Technology District just off Meeting Street, near Pacific Box and Crate complex. Well suited for professional services owner/user such as technology, financial services, real estate, legal, etc. The parcel is approximately 35' x 100’, 0.08 acres, 3,500 SF.

The first floor includes a reception area, office with 2 workstations, large office/conference room, meeting/conference room, 2 restrooms and rear warehouse/storage area with a roll-up door. The 2nd floor has an office and suite with full bath and kitchen, as well as a large attic storage area.

Potential for residential use.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Taxing Authority: City of Charleston
Tax ID/APN: 464-14-00-118
Zoning: LI - Light Industrial District
Property Located Between: Meeting Street and Skurvin Street
Property Visibility: Good
Highway Access: 5 minutes to I-26, Ravenel Bridge, Crosstown provides easy access to downtown Charleston,West Ashley, Mt. Pleasant, North Charleston, Airport, etc.
Area Description: Opportunity Zone: A program created by the Tax Cuts and Jobs Act of 2017 to incentivize investment in underserved communities. The program provides material tax benefits for investments made into designated Opportunity Zones.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1982
Year Renovated: 1993
Construction/Siding: Block
Parking Type: Surface
Parking Description: 4 spaces in front, 2 spaces on the side
Total Parking Spaces: 6
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: The Light Industrial, LI District allows most commercial uses and low impact industrial uses which are compatible with surrounding commercial districts. More intensive industrial and manufacturing uses are permitted as conditional uses if the uses satisfy specific performance standards. Storage yards are permitted only as special exceptions subject to the approval of the Board of Zoning Appeals.
Lot Frontage: 36
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LT 69 Cunnington

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,874 59,806 134,596
Median Age: 33.77 33.71 35.83
Households: 2,873 24,449 55,859

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