$1,050,000
$1,050,000
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SOLD DATE : 10/01/2024
Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 31003825
Sold Date 10/01/24
Year Built 1900
Property Sub-Type Retail
Property Description
Charleston Commercial, on behalf of ownership, is pleased to exclusively offer the 71 Wentworth Street retail condo to qualified Buyers. The offering includes a Single Tenant Net Lease condominium which sits on the ground floor of the historic ''Masonic Lodge''. The corner retail unit is leased to Inspirato on a new 10 year term, which will offer management and amenity services for the luxury condo units that occupy the 2nd and 3rd floors of the building. The offering provides a luxury retail condo within a world class, historically preserved trophy asset, that is just steps away from the heart of King Street's retail district. The retail lease features a triple net lease structure whereas all expenses are passed through to the tenant. The 10 year term also includes 3% annual escalations.The Tenant is set to open Summer 2024 after an extensive build-out to compliment the luxury condominiums above.
Location
State SC
County Charleston
Zoning City of Charleston - GB - General Business
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Bought with C. Kendrick Kendrick • Charleston Commercial