Opportunity Zone*****Possible Owner Financing

Special Purpose for Sale
Catylist Listing ID: 30804179
Property Subtypes: Assembly/Meeting Place, Funeral Home/Mortuary, Health Care/Medical, Senior Housing, Other
Building Status: Proposed
Building Size (RSF): 6,864 SF
Gross Building Area: 7,089 SF
Sale Price: $1,600,000
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 6/24/2022

Overview / Comments

2 Radcliffe is in a prime area of Charleston, just behind O-ku and a stone throw away from bustling King St. There is a separate entrance to the 2nd floor. In the past this space was used as a funeral parlor. Going forward, its uses are endless. It's close to the College of Charleston so a great use might be student housing or a modern membership co-living situation for young professionals. Seller says that you can build up. See floor plan for current layout. Pictures may be a little confusing but show the current state of the building. 2 half baths are located on the first floor. Second floor has 1 full bath. A gym or exercise studio is another great possibility. A game room may also be something that does well here. Whatever you imagine!

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-12-02-035
Zoning: DR-2 - Diverse Residential (26.4 units per acre)
Property Located Between: St. Phillips & King
Property Visibility: Excellent
Largest Nearby Street: King
Airports: Charleston International
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,432 SF
Property Condition: Fair
Year Built: 1978
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Cinder block with vinyl siding cover. Front brick facade.
Parking Type: Other
Parking Description: Street parking. Paid parking available.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: DR-2 The Diverse Residential zoning districts allow one-family detached dwellings, one-family attached dwellings, two-family dwellings, and multi-family residential (3 or more) dwellings. Density limitations for the DR-6, DR-9, DR-12, DR-1, DR-1F, DR-2, DR-2F districts are 6.0, 9.0, 12.0, 19.4, 19.4, 26.4 and 26.4 units per acre of high ground respectively. Within the DR-1, DR-1F, DR-2, DR-2F districts, the Board of Zoning Appeals may approve as a special exception, churches, homes for the elderly, and other low impact uses as described in the zoning ordinance. Residential Short Term Rental Category - SR CAT 2 A residential short term rental use may be permitted as a Category 1, Category 2, or Category 3 STR Permit, if the zoning administrator determines the STR to be an accessory use to the principal residential use on a property which satisfies the requirements of Section 54-208.1, 54-208.2, or 54-208.3, as applicable, and issues a permit for such STR use
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,735 57,192 137,010
Median Age: 28.98 34.17 36.54
Households: 9,511 24,188 57,250

Contact

Photograph of Listing Agent

Eve S Greene

EXP Realty LLC SCCMLS Member
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