16,000 sf building on 2/3 acre site accessing two streets entitled for 5 stories, no variance needed. Perfectly located high end condo development or professional office redevelopment or build new. 40 t0 60 condos possible with unobstructed water views of shipping channel , Arthur Ravenel Bridge and beyond ! 5 min walk to Charlotte St Waterfront Park and 10 min to new Gadsdenboro Condos and city Park! Downtown office parking problem solved! Short term lease possible for buyer while plans move through city to develop. Possible overflow parking nearby. Light industrial zoning in place.
| Acres | 0.67 |
| Area | Peninsula Charleston Inside of Crosstown |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Multi-Family |
| Postal Code | 29403 |
| Square Feet | 16000 SF |
| Date Modified | 2021-12-03T13:23:04 |
| Property Status | Existing |
| Status | Pending/Contingent |
| Title | Multi Family ,High End Downtown Condo Site |
| Zoning | LI |
Listed by: Coldwell Banker Comm/Atlantic Int''l | 843-744-9877
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.
