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175-179 Church St
Charleston, SC 29401
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 6 Storefronts and 2 Office Suites located on South Market Street and Church Streets
- The region is known for its beautiful gardens, shopping, museums, golfing, arts and culture and miles of beaches
- Local hospitality, architecture, historical landmarks, and worldclass dining make Charleston a popular tourist destination
EXECUTIVE SUMMARY
These properties boast exceptionally high foot traffic, ensuring consistent visibility and patronage for any retail business. Market Street is renowned for its historic charm and vibrant atmosphere, contributing to the enduring desirability and value of its real estate.
Currently, the rental rates for these properties are positioned to increase to $100 per square foot, reflecting their underutilized potential in a thriving market. Despite this growth opportunity, the properties have maintained a historically low vacancy rate, underscoring their reliability as long-term assets.
This portfolio represents a compelling investment prospect characterized by prime location, high foot traffic, and significant potential for rental income growth. It is ideally suited for investors seeking stable returns within Charleston's dynamic retail market.
Currently, the rental rates for these properties are positioned to increase to $100 per square foot, reflecting their underutilized potential in a thriving market. Despite this growth opportunity, the properties have maintained a historically low vacancy rate, underscoring their reliability as long-term assets.
This portfolio represents a compelling investment prospect characterized by prime location, high foot traffic, and significant potential for rental income growth. It is ideally suited for investors seeking stable returns within Charleston's dynamic retail market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,683 SF
Building Class
B
Year Built
1985
Price
$8,995,000
Price Per SF
$928.95
Cap Rate
5.91%
NOI
$531,415
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.32 AC
Zoning
GB - General Business
Frontage
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $357,270 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$357,270
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