70 Romney Street is a warehouse building situated on approximately 0.5 AC. The property consists of ±2,000 SF of open office and ±11,000 SF of warehouse space with 20-foot ceilings and ±6,000 SF of mezzanine space. Zoned UP, the building can be converted into office space or torn down. Excellent location for a redevelopment opportunity. On-site parking for approximately 20 cars. Within the Opportunity Zone. Located off Meeting Street in Charleston’s growing Upper Peninsula district. The property is in walking distance to Lewis Barbecue, Home Team BBQ and Revelry Brewing as well as numerous additional restaurants and bars. *Please note: All measurements are approximate*
| Area | Peninsula Charleston Outside of Crosstown |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Industrial |
| Postal Code | 29403 |
| Date Modified | 2021-09-29T10:26:10 |
| Property Status | Existing |
| Status | Pending/Contingent |
| Title | 70 Romney Street - Redevelopment Opportunity! |
| Zoning | GB |
Listed by: NAI Charleston, LLC | 843-720-4944
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.
