F O R S A L E - LoopNet...P R O P E R T Y 1 5 0 S p rin g S tr e e t , C h a r l e s t o n S C ,...

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FOR SALE ZONED FOR COMMERCIAL AND SHORT TERM RENTAL RESIDENTIAL AND COMMERCIAL

Transcript of F O R S A L E - LoopNet...P R O P E R T Y 1 5 0 S p rin g S tr e e t , C h a r l e s t o n S C ,...

  • F O R S A L EZ O N E D F O R C O M M E R C I A L A N D S H O R T T E R M R E N T A L

    R E S I D E N T I A L A N D C O M M E R C I A L

  • P R O P E R T Y150 Spring Street, Charleston SC, 29403Price $1,400,000

    Residential Unit A (1st floor)4 bedrooms and 2 bathrooms.Total size 1,749 SF.

    Commercial Unit (Ground Floor)

    Total size 880 SF

    Residential Unit B (2nd & 3rd)4 bedrooms and 1 bathroom.Total size 1,760 SF.

    Land for development

    Additional building

    Introducing a rare, multi-use property located in historicdowntown Charleston with two residential units, onecommercial unit, and a spacious backyard with the potentialfor future development.

    150 Spring Street offers a unique opportunity. The property islocated in the short term rental district, making it suitable forAirbn and VRBO programs.

  • E X I S T I N G B U I L D I N G F L O O R P L A N

  • L O C A T I O N

    150 Spring Street is located in the Cannonborough / Elliotborough neighborhood, historic downtown Charleston, SC isknown best for its laid back, residential streets, and great selection of off the beaten path eateries.

    For a casual bite to eat 5 Loaves is one of the best restaurants in Charleston and just minutes away. For fine dining andauthentic Italian cuisine, head to Trattoria Lucca near the MUSC campus. For dessert, stop by Sugar Bakeshop onCannon, and enjoy D'Allesandro's for trivia, local beers, and a great pizza pie.

  • S H O R T T E R M R E N T A L

    2018 accolades

    - Condé Nast names Charleston top U.S. city for 8th consecutive year.

    - Readers of Southern Living picked Charleston as the South’s best city.

    - Travel + Leisure Magazine named Charleston its No. 1 U.S. city for the sixth year in row.

    - Charleston was the only U.S. city to make the cut for Travel + Leisure’s list

    of the World’s Top 15 Cities, coming in at No. 10.

    The location of this property is zoned commercial (LB) and it is inside the short term rental district overlay, the only areaallowed for short term rental (i.e. AIRBNB, VRBO). This combination makes the property eligible to receive a short termrental permit.

    Charleston is the oldest and largest city in the state of South Carolina. Known for its rich history, well-preservedarchitecture, distinguished restaurants, and hospitable people, Charleston is a popular tourist destination.

  • N E W D E V E L O P M E N T

    Construction conceptual plan of anadditional residential dwelling ofapproximately 1,800 sq ft. behind theexisting building.

    Images depicted on this page are forillustration purposes only. A full set ofarchitectural drawings will be requiredfor final approval.

  • C O M M E R C I A L The commercial space on the ground floor is divided into two sections, thefront half has two spaces and the back half has a lower ceiling storagearea.

    This property is zoned Limited Business (LB), which is intended to allow alimited variety of commercial uses and services associated withneighborhood retail, financial and office activities compatible with residentialareas.

    Office Vacancy

    5 . 8 %

    Retail Vacancy

    2 . 6 %

    CoStar Dec,2018

    Charleston continues to experiencedramatic population and job growth,fueled by the Port of Charleston andcontinued investment by majormanufacturers. Such considerableinterest in the metro has contributedto strong net office absorption,driving vacancies to 5.8%. Forperspective, Charleston’s currentvacancy rate is well below thenational average as well assurrounding metros such asColumbia, Greenville, and Charlotte.

    Firms such as Boeing, Benefitfocusand PeopleMatter have addedthousands of jobs to the market inrecent years, increasing bothpopulation and job prospects, whilealso bringing high paying jobs to themetro which contribute to retailconsumption.

  • 7 M i l l i o nnet people per day

    move to Charleston

    3 8 net new jobs over

    the next two years

    2 2 , 0 0 0

    "World'sBest City"

    Charleston Metro Area

    Travel +

    Leisure Readers

    Charleston Ranked #27"Best Place to Live"

    U.S. News & World

    Report

    Home of MultinationalCompaniesBoeing, Volvo,

    Google, & Bosch

    visitors annually

  • K Y O B I R E A L T O R S I N C . | 2 0 2 0

    CONTACT

    LUIZ T. YAMASHITA, CCIMT.

    JORDAN PIERCEFinance Head

    T: +1 (843) 608-8882

    [email protected]

    214 King Street

    Charleston, SC 29401


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