EXCELLENT investment 4 to 5.7% CAP RATE

Retail-Commercial for Sale
Catylist Listing ID: 30397120
Property Subtypes: Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 3,578 SF
Gross Building Area: See Agent
Sale Price: $1,999,900
Unit Price: $558.94 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 5.7%
Last Updated: 4/10/2019

Overview / Comments

4% COMMISSION!!-Rare investment opportunity to own beautiful building on best block downtown. Gorgeous building on Meeting Street has 3 levels, over 3500 sq. feet, on same block as Charleston Place Hotel and the Historic Market.
Current lease (4% cap rate) ends 8/31.
New lease at market rate ($32/ft NNN) would yield 5.7% CAP RATE!

Building is walking distance from Gucci, Ben Silver, Louis Vuitton, Brooks Brothers, Calypso, Kate Spade, Cynthia Rowley. Surrounded by the Charleston cuisine of Fig, Husk, The Peninsula Grill and many more. Short walk to waterfront and East Bay Street.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4570801015
Property Visibility: Excellent
Largest Nearby Street: Market Street
Tenancy: Single Tenant
Property Condition: Excellent
Year Built: 1978
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,645 61,028 132,821
Median Age: 28.91 34.63 36.75
Households: 6,730 25,636 56,364


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