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.

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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

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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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