Mixed Use Development Opportunity Entitled To Build

About this listing

DESCRIPTION

Introducing a rare development opportunity in one
of Charleston’s most dynamic downtown
corridors. Positioned on East Bay Street with
direct views of the Ravenel Bridge, this property
offers the ability to construct three units across
four stories, combining residential and
commercial uses in a highly desirable, highvisibility
location.
The property is fully entitled, with permits ready to
be issued for a first-floor office, a second-story
condo, and a third-level and fourth-level two story
penthouse with sweeping views of the harbor.
Located in an Opportunity Zone, all approvals have
been secured, allowing for immediate
development with no extended wait time.

The site encompasses approximately 0.11 acres,
with approximately 4,791 SF of allowable ground
coverage and up to three stories of vertical
construction (per applicable zoning and planning
guidelines). This is one of the few remaining
opportunities to develop multiple units in
downtown Charleston with this level of frontage,
accessibility, and view corridor.

HIGHLIGHTS

• Built in 1880
• Zoned MU-1
• Prime Charleston location
• Historic charm
• Investment opportunity
• Potential for diverse use

AREA

1 Block from the Cigar factory
Plans include 3 units:
1st floor - 1093 sft Office space
2nd floor- 1588 sft Condo with Harbor Views
3rd floor- 2713 sft 3Br/2.5Ba 2 story Condo with Harbor view and roof top deck.
Parking- The Condos have 2 dedicated parking spots in the detached garage
Parking- There are 2 dedicated parking spots for the office
Full construction set would convey to the buyer.