St. Peter's by the Sea Church Complex

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30638899
Property Subtypes: Mixed Use
Status: Pending/Contingent
Building Size (RSF): 10,300 SF
Sale Price: $815,000
Unit Price: $79.13 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/6/2021

Overview / Comments

Opportunity Zone portfolio of 4 detached buildings in the Heart of North Charleston. Near the old Navy Base and offers several tax incentives. Eligible for the Opportunity Zone, SC Abandoned Buildings Revitalization tax credit and possibly the Historic Rehabilitation tax credit.

Initially constructed during World War I and rebuilt in World War II, St. Peter’s by the Sea church served the Navy Base community for most of a century.

This complex includes four buildings on approx .77 acres near the intersection of Spruill and Reynolds Avenue: the main brick church building, approx 3,300 sq.ft., dry but needs work, a 4,000 sq.ft. brick rectangular building that needs a new roof and new interior, a 1,500 sq.ft. remodeled office that was once a residence, and a 1,500 sq.ft. ready-to-renovate office that is cleaned out down to the studs (this office could also be removed to increase parking).

The centrally located complex is only 8 minutes from downtown and 6 minutes from West Ashley. Current zoning is B-1, City of North Charleston

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 31 - N.Charleston Area inside I-526
Tax ID/APN: 469-12-00-272
Total Number of Buildings: 4
Year Built: 1945
Year Renovated: 2019

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,878 44,149 136,640
Median Age: 33.56 35.63 34.46
Households: 2,688 16,941 55,261


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