Turn-Key Event Venue-Commercial Kitchen-Warehouse, Outdoor Pavilion

Retail-Commercial for Sale
Also listed as Special Purpose, Hospitality
Catylist Listing ID: 30812282
Property Subtypes: Restaurant, Street Retail, Other
Building Size (RSF): 3,300 SF
Gross Building Area: See Agent
Gross Land Area: 1.45 Acres
Sale Price: $1,200,000
Unit Price: $363.64 PSF
Property Use Type: Investment, Business
Building Name: Reservoir Hall
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 8.0%
Last Updated: 9/12/2022

Overview / Comments

Welcome to Reservoir Hall, the fully automated, turnkey wedding and event venue with commercial kitchen. Reservoir Hall founded in 1987 as the clubhouse to the Eagle Landing Golf community is now converted into a classic choice for event and reception space available year-round for corporate events, weddings, oyster roasts and more. Reservoir Hall has been an established wedding and event venue for 12 years. The 1.5 acres is located in the Eagle Landing Commercial/Recreation Zone. The indoor event hall is 1,500 sq ft and the commercial kitchen and warehouse is 1,800 sq ft. The main event hall has board and batten exterior as well as all new lighting and fixtures through out. There is a large outdoor covered pavilion that is 1,800 sq ft. The property has a 70 car parking lot as well as a commercial playground. There is plenty of office space contained in the building that houses the commercial kitchen. The event hall itself contains 100 folding chairs, 10- 60in round Tables, 12- 6ft rectangle tables, 4 picnic tables, Bluetooth surround sound, outdoor security cameras as well as auto lock doors. There is a beautiful view of the pond on the far end of the property. It is 20 minutes from downtown Charleston and is currently charging $1375 for Saturday rentals.

Website: reservoirhall.com

Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 71 - Hanahan Area
Tax ID/APN: 259-00-00-072
Zoning: OTHER
Retail Clientele: General, Family, Business, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Rivers Avenue
Feet of Frontage: 260
Airports: Charleston International Airport
Total Number of Buildings: 3
Property Condition: Excellent
Year Built: 1984
Total Parking Spaces: 100
Parking Type: Surface
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,482 59,372 137,298
Median Age: 30.51 31.77 32.59
Households: 2,555 23,112 50,950

Contact

Photograph of Listing Agent

Margaux L Kilgallen

Beresford Realty, LLC SCCMLS Member
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