45 Romney Street is an ideal development opportunity as it is positioned in the center of Charleston’s NOMO area and falls in Charleston's "Opportunity Zone". Adjacent to 45 Romney, and already under construction, are multiple 200+ unit multifamily apartment complexes, an 800 space garage and a 6-STORY, 92,000 sf tech center to name a few. Housing options and creative dining locations are within walking distance, as well as a myriad of attractions just a short drive away. 45 Romney is perfectly positioned to be a setting conducive to growth and prosperity. ***********$1 was entered as Sale Price, because SCCMLS system requires numerical number for Sale Price. Sale Price is not $1. Sale Price is not disclosed as this is a CALL FOR OFFERS. There is not a disclosed Cap Rate since there is not a sale price ************
| Acres | 0.79 |
| Area | Peninsula Charleston Outside of Crosstown |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Land |
| Postal Code | 29403 |
| Date Modified | 2019-07-08T10:23:57 |
| Property Status | Existing |
| Status | Active |
| Title | 45 Romney Street - Call For Offers Deadline March 29, 2019 |
| Zoning | OTHER |
Listed by: Avison Young - South Carolina Inc | 843-725-7200
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.
