First Floor Broad Street Office Space in The People's Building

Office for Sale
Catylist Listing ID: 30339760
Property Subtypes: Executive Suites, Mixed Use, Flex Space, Other
Building Size (RSF): 2,364 SF
Gross Building Area: See Agent
Sale Price: $1,699,000
Unit Price: $718.70 PSF
Ceiling: 25 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: The People's Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2018

Overview / Comments

Prominent corner ground-floor commercial condo in the iconic People’s Building, Circa 1910-1911. The interior space boasts an open floor plan with soaring 25-foot ceilings and an abundance of natural light from the huge elegant windows facing Broad and State Streets. This is an ideal location for a professional office or high-end service business. The exterior of the ground floor commercial area is clad in granite and provides a dedicated entrance at the corner of Broad and State. This is a unique opportunity to own ground floor space in one of Charleston’s most notable landmark buildings!

Suite C101 is subject to interior and exterior easements with Historic Charleston Foundation. Current permitted uses include office and “service retail.” Property is part of the People's Building regime.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4580903267
Zoning: LB - Limited Business
Property Located Between: State and Church Street
Property Visibility: Excellent
Total Number of Buildings: 1
Year Built: 1910
Zoning Description: Office and Service Retail use permitted, per the Easement documents with Historic Charleston Foundation. "Service Retail shall mean Service Retail business that derives less than twenty percent (20%) of its gross revenue from the sale of tangible goods or products."
Easements: Preservation
Easements Description: Conservation Easement through Historic Charleston Foundation. See listing agent or documents section for copy of easement.
Legal Description: MapPlatB D389 MapPlatP 250 SubdivisionName THE PEOPLES BUILDING Lot UNIT C101,PERCENTAGE IS 0.04855006%

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,193 59,894 122,533
Median Age: 30.29 34.84 36.87
Households: 6,081 25,060 52,267

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