Opportunity Zone on King Street with General Business Zoning
Retail-Commercial
for Sale
Also listed as Office, Industrial
| Catylist Listing ID: |
30705626 |
| Property Subtypes: |
Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
|
| Building Size (RSF): |
5,955 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,300,000 |
| Unit Price: |
$386.23 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/26/2021 |
Overview / Comments
|
Great Opportunity Zone Property on Upper King Street. 5,955 square feet on 0.32 acres. Currently the owner/occupant operates a screen printing business on-site, and the business will relocate prior to closing. The property also includes a 2-3 bedroom residential apartment within the building. This is a perfect opportunity to redevelop the property for many uses: Restaurant, Retail, Office, Flex-Space, or Multi-Family. Built in 1974, the building can be re-purposed or taken-down to possibly accommodate more density. The property is currently zoned General Business within the Amusement & Recreation Overlay and the Short Term Rental Overlay (Residential Use). The property lies in Height District 2.5 allowing a 2 1/2 story building with a maximum height of 35 feet.
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
52 - Peninsula Chas. outside of crosstown |
| Tax ID/APN: |
463-12-03-047 |
| Zoning: |
GB - General Business |
| Year Built: |
1974 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,530 |
61,914 |
142,098 |
| Median Age: |
31.82 |
34.34 |
35.91 |
| Households: |
5,525 |
25,982 |
59,601 |
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