Newly Built Restaurant in Opportunity Zone

Retail-Commercial for Sale
Catylist Listing ID: 30626190
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 2,704 SF
Gross Building Area: See Agent
Gross Land Area: 0.14 Acres
Sale Price: $1,980,000
Unit Price: $732.25 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 2,704 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/13/2020

Overview / Comments

Highly desirable location near Charleston’s bustling Upper King district, 430 Meeting Street is an easy walk to the surrounding apartments, hotels and downtown residential neighborhoods. Located inside a Federal Opportunity Zone, the area recently benefited from more than a billion dollars of development, with a second phase coming that will exceed that amount. As a development focal point on the Charleston Peninsula, the effect has been unique historic streetscapes, numerous hotels, apartments and office buildings mixed with a very dynamic culinary scene.

430 Meeting is a historic building that recently had a full renovation to include attaching a new 1,100 square foot addition to provide more dining space and to accommodate the new kitchen infrastructure. The large outdoor patio can be expanded if desired. All FF&E conveys.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 459-09-01-034
Zoning: GB - General Business
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Feet of Frontage: 80
Property Condition: Excellent
Year Built: 1930
Year Renovated: 2018
Parking Description: There are six onsite parking spaces and access to another thirty nearby.
Lot Frontage: 80
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,276 55,690 138,752
Median Age: 29.23 33.84 36.45
Households: 9,303 23,506 57,852

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