225 Calhoun, Commercial/Multifamily opportunity!
Retail-Commercial
for Sale
Also listed as Multi-Family
| Catylist Listing ID: |
30680197 |
| Property Subtypes: |
Mixed Use, Restaurant
|
| Building Size (RSF): |
4,578 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.08 Acres
|
| Sale Price: |
$1,600,000 |
| Unit Price: |
$349.50 PSF |
| Ceiling: |
10 ft. |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.4% |
| Last Updated: |
1/25/2021 |
Overview / Comments
|
RARE opportunity to own a great investment building in the heart of downtown Charleston. This property is located on the corner of Calhoun and Smith streets within minutes of walking distance to the College of Charleston, MUSC, as well as all the attractions and shopping areas. This is a solid built concrete building. First floor is a restaurant space (2600 sqft) which is currently leased to a popular local restaurant joint the Brown Dog Deli. There is a lease in place until December of 2021. Restaurant is fully equipped with a commercial kitchen and three face power. On the second floor there are two apartments: 2bd 1 bath and 3bd 2bath with a total square footage of 1900. The apartments have beautiful high ceilings and large windows. Great potential in converting into office space, studio space or wherever you can think of. BONUS: Included in price is an ADDITIONAL ADJACENT LOT AT 98 SMITH STREET (valued at $150,000) to allow for FOUR OFF-STREET PARKING SPACES. Overall this is an amazing mixed use commercial building that is extremely hard to find downtown Charleston. While located in a historic area, the property is in great shape, which is a rare combination. COME AND SEE IT!
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Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
51 - Peninsula Chas. inside of crosstown |
| Tax ID/APN: |
457-03-02-013 |
| Zoning: |
GB - General Business |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
On Calhoun |
| Feet of Frontage: |
50 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1978 |
| Year Renovated: |
1998 |
| Roof Type: |
Other |
| Construction/Siding: |
Concrete, Wood Siding |
| Total Parking Spaces: |
4 |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Internet Access: |
Cable |
| Lot Frontage: |
50' |
| Lot Depth: |
60' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Yes |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
20,418 |
61,463 |
138,534 |
| Median Age: |
27.23 |
34.66 |
36.53 |
| Households: |
8,349 |
26,053 |
58,122 |
|
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