Unique opportunity to purchase a historic commercial building South of Broad Street. This property is located next to the historic Old Exchange & Provost Dungeon at the intersection of East Bay Street and Broad Street. Rainbow Row and Waterfront Park are only steps away. This location has great foot traffic and is very convenient within the central business district. The first floor is currently occupied with an established retail tenant. The 2nd and 3rd floors are owner occupied office space.
| Acres | 0.03 |
| Area | Peninsula Charleston Inside of Crosstown |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29401 |
| Square Feet | 3095 SF |
| Date Modified | 2019-12-31T10:12:29 |
| Property Status | Existing |
| Status | Active |
| Title | Retail and Office Building South of Broad |
| Zoning | LB |
Listed by: Prospect Real Estate Brokers | 843-619-2995
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.
