Prime Restaurant Space Available - New Construction Downtown

Retail-Commercial for Lease
Catylist Listing ID: 30806927
Property Subtypes: Restaurant, Street Retail
Building Status: Under Construction
Contiguous Space: 1,920 SF
Gross Building Area: See Agent
Lease Rate: $40 - 42 PSF (Annual)
Base Monthly Rent: $6,400 - 6,720
Lease Types: NNN
In Opportunity Zone? Yes
Building Name: The Establishment
Last Updated: 6/23/2022

Overview / Comments

PROPERTY DESCRIPTION

CKC Realty is pleased to present the exclusive listing for 186 St. Philip Street in downtown Charleston. This intimate, 1,920 SF space is located just one block off of King Street on the corner of St. Philip Street and Cannon Street in the highly desirable Cannonborough-Elliottborough neighborhood of Charleston’s peninsula.

SPACE DESCRIPTION
The space displays 1,670 SF of interior heated space and 250 SF of covered outdoor patio space located on the rear side of the restaurant. The design team worked to create multiple window bays along both Cannon and St. Philip Street allowing an abundance of natural light into the space. The window bays function as French awning style windows that open to the street to create a completely open air feel on a beautiful spring or fall day.

The building was designed in a traditional manner with Tuscan style brick columns, brick cornices above the restaurant space and parapet wall as well as wrought iron balconies overhanging the sidewalk. The developer plans to replace the sidewalk with bluestone pavers which will also be utilized at the corner entry to the space allowing for a contiguous material pallet. The aluminum clad windows have an arched eyebrow top for the brick arch header to follow.

The developer/builder plans to begin construction in October of 2022 and complete construction by December 2023. They are willing to fully build out the space for a minimal fee through their affiliated company, CKC Construction, LLC, in order to coordinate the construction with the tenant and complete the space simultaneously with the residential units above. This would allow the tenant to utilize their rent-free period to operate rather than up-fit their space. *See Landlords Work document

AREA DESCRIPTION

Cannonborough-Elliotborough draws a mix of tourists, young professionals, and longtime residents to its restored, wood-fronted houses. King, Cannon, and Spring Streets are dotted with indie boutiques, vintage stores, and bakeries. Upper King Street has hip bars for craft beer and house cocktails. The neighborhood maintains the only Short-Term Rental Overlay District on the Peninsula bringing millions of tourists to some of the finest Airbnb rental properties in the country.

Expand All Available Space

Suite: 100 1,920 SF $40 - 42 PSF (Annual) NNN
Space Available: 1,920 SF
Lease Rate: $40 - 42 PSF (Annual)
$6,400 - 6,720 (Monthly)
Lease Type: NNN
Date Available: 1/1/2023
Space Type: New

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4601202064
Zoning: GB - General Business
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: King street and St. Philip Street
Property Visibility: Excellent
Largest Nearby Street: King Street
Airports: Charleston International Airport
Site Description: The site display a corner lot with a vast amount of street frontage lined with windows into the space.
Area Description: Cannonborough-Elliotborough draws a mix of tourists, young professionals, and longtime residents to its restored, wood-fronted houses. King, Cannon, and Spring Streets are dotted with indie boutiques, vintage stores, and bakeries. Upper King Street has hip bars for craft beer and house cocktails. The neighborhood maintains the only Short-Term Rental Overlay District on the Peninsula bringing millions of tourists to some of the finest Airbnb rental properties in the country.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 2,000 SF
Property Condition: Excellent
Year Built: 2023
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: The building was designed in a traditional manner with Tuscan style brick columns, brick cornices above the restaurant space and parapet wall as well as wrought iron balconies overhanging the sidewalk. The developer plans to replace the sidewalk with bluestone pavers which will also be utilized at the corner entry to the space allowing for a contiguous material pallet. The aluminum clad windows have an arched eyebrow top for the brick arch header to follow.
Parking Description: A parking variance has been approved for the restaurant space already and will not be required for restaurant, office or retail use.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, Gigabit
Zoning Description: GB
Lot Frontage: 100
Lot Depth: 40
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,813 57,192 138,768
Median Age: 27.47 34.17 36.41
Households: 9,289 24,188 58,092

Contact

Photograph of Listing Agent

Tony S Diesu

CKC Realty, LLC SCCMLS Member
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