Retail, Office, or Residence(s) - 15 Broad Street
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30654760 |
| Property Subtypes: |
Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
7,024 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,750,000 |
| Unit Price: |
$391.51 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
7.3% |
| Last Updated: |
10/14/2020 |
Overview / Comments
Located on high ground in the heart of the historical district, 15 Broad is a distinguished, 5 floor, grand building, w/ roughly 7000+ sq. ft & infinite potential. The currently vacant property has many possible configurations— principal residence (currently), ground floor commercial retail/bar/restaurant & up to 3 Multi-level penthouses/offices w/ views of Fort Sumter & the Ravenel Bridge. Existing rooftop terrace may have expansion possibilities. The building's entire structural components were overhauled in a 2016 renovation. Extensive foundation reinforcement was added along w/ upgrades at the footings/piers. All flooring was also reengineered/reconstructed & rough framing of all walls/stairs completed.
All window frames were removed/rebuilt to accept refurbished historic window sills. All outdated mechanical, electrical & plumbing systems were removed from the building. All work done was permitted/approved by the City of Charleston & Board of Architectural Review. Significant Federal & State (including abandoned) tax credits available. Currently Zoned LB (limited business). Cap shows 7.3% before the construction to finish.
|
Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
51 - Peninsula Chas. inside of crosstown |
| Tax ID/APN: |
4580903132 |
| Year Built: |
1815 |
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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