Investment Property at 84 Spring Street For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30327224
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 2,844 SF
Gross Land Area: 0.08 Acres
Sale Price: $1,500,000
Unit Price: $527.43 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2018

Overview / Comments

IDEAL FOR AN INVESTOR

Property located at the corner of Spring and Ashe Streets within the Charleston City Limits in the uptown Elliotborough trendy area.

Short term Overlay Zone allows rentals of an average rate of $241 per stay.
Amusement and Recreation Overlay, Multiple Height Districts included with zoning as well.

Parking is in the rear of 2-4 spaces on the property as well as on street parking on Ashe street. Can be a spectacular renovation as the property is two stories having retail commercial on the 1st floor and residential on the 2nd floor.

Spring Street is a main attraction for the eclectic at heart. The now two way traffic lanes along the corridor is convenient, hip and under construction with many new, major installments like West Edge Project, Luxury Student Apartment High Rise and the Hyatt Place Hotel to name a few. This location is pedestrian friendly and within short walking distance to King Streets renowned dining, shops and night life in the #1 City voted by Conde Nast Traveler World Poll.

The site is a great space and future location for any boutique retail with an added bonus of (STR) short term rentals above or an option to owner occupy as well.

Drive by and see or have lunch nearby to experience what this unique area offers.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: City of Charleston
Tax ID/APN: 4600803178
Zoning: GB - General Business
Property Visibility: Excellent
Property Condition: Fair
Year Built: 1885
Year Renovated: 1973
Total Parking Spaces: 4
Parking Type: Surface
Sprinklers: None
Heat Type: Hot Water
Air Conditioning: Window Unit
Zoning Description: GENERAL COMMERCIAL
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,813 59,289 138,836
Median Age: 27.47 34.56 36.34
Households: 9,289 25,119 58,204
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.