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: |
12/29/2020 |
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 All outdated mechanical, electrical & plumbing systems were removed from the building.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 |
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither South Carolina Statewide Commercial MLS nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|