For Sale
For Sale
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Year Built
1987
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Total Building Size
4,010 RSF
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Overview
4,010 Square Foot Mixed-Use Property Located in Downtown Charleston, SC - A Half Block to King Street
First Floor Retail - Second Floor Apartments (Two Separate Units)
0.20 Miles from College of Charleston - 11,294 Students (Fall 2016) - Ideal for Apartment Renters
More Than 122,000 People Within Five-Miles | Average Household Income of More Than $76,600
Charleston Named #1 Tourist Destination in US by Conde Nast
New 5 Year Lease Signed for Restaurant Space with Annual 3% Increases in Base Term and 5 Year Option Period - 3 Personal Guarantees'
Tenant Investing Approx. $500,000 into the Property
Established Restaurant Location since 1992 - Excellent Foot Traffic Location - Walk Score ® of 98: Walker's Paradise
Restaurant Space has New Grease Trap, Hot Water Heater, and Commercial Hood
Residential Units Consist of a 2BR and a 3BR Apartment, With a Very High Occupancy History
New Boutique Restoration Hotel and Public Parking Garage Located Across the Street
Property Details
4,010 Square Foot Mixed-Use Property Located in Downtown Charleston, SC - A Half Block to King Street
First Floor Retail - Second Floor Apartments (Two Separate Units)
0.20 Miles from College of Charleston - 11,294 Students (Fall 2016) - Ideal for Apartment Renters
More Than 122,000 People Within Five-Miles | Average Household Income of More Than $76,600
Charleston Named #1 Tourist Destination in US by Conde Nast
New 5 Year Lease Signed for Restaurant Space with Annual 3% Increases in Base Term and 5 Year Option Period - 3 Personal Guarantees'
Tenant Investing Approx. $500,000 into the Property
Established Restaurant Location since 1992 - Excellent Foot Traffic Location - Walk Score ® of 98: Walker's Paradise
Restaurant Space has New Grease Trap, Hot Water Heater, and Commercial Hood
Residential Units Consist of a 2BR and a 3BR Apartment, With a Very High Occupancy History
New Boutique Restoration Hotel and Public Parking Garage Located Across the Street
- Property TypeRetail
- Year Built1987
- Sale Price$2,500,000
- Total Building Size4,010RSF
- Total Acres0.07
- Cap Rate5.0%
- Number of Floors3
- Will build to suitNo
- SewerNo
- Corner lotNo
- Property ID1842411