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: 4/5/2021

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!

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

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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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