$5,250,000
$6,950,000
24.5%For more information regarding the value of a property, please contact us for a free consultation.
9,583 SqFt
SOLD DATE : 10/14/2024
Key Details
Sold Price $5,250,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 9,583 sqft
Price per Sqft $547
MLS Listing ID 31003066
Sold Date 10/14/24
Year Built 1814
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Special Purpose
Property Description
Property received ''Accommodations Overlay'' in 2022 and a ''Special Exception'' for a hotel. This property includes a historic 3-Story masonry building built in 1814 and its current 1st floor rear section that includes a large dining room & commercial kitchen. The property sits in the exclusive ''French Quarter'' area of Downtown Charleston, just off of East Bay Street & Vendue Range. The rear half of building recommended being razed and redeveloped.Currently, the 1st floor (+/- 10,000 SF) is laid out perfect for a large high-end restaurant. The existing commercial kitchen is +/- 2800 SF Additional Comments: A recent meeting with the City of Charleston stated that they are willing to rezone the property to allow for high-density residential condos/apartments to any extent that is feasibly possible for the developer. Further detail upon request.Agent estimates as much as +/- 36,624 SF of developable space can be built out on this site. The adjacent +/- 8,000 SF building can be added to the development making a potential total +/- 44,624 SF project.Property has been vacant since 2021.
Location
State SC
County Charleston
Zoning City of Charleston - LB - Limited Business
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
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Bought with Non Member • NonMember