47 Calhoun St Charleston SC 29401 MLS# 1005640

Posted By Marshall Walker @ Nov 4th 2010 11:10am In: Historic Charleston

47  Calhoun St Charleston, SC 29401
47 Calhoun St
BR 1005640 - Commercial Sale real estate
Charleston, SC

THE MAJORITY OF THE CORNER OF EAST BAY & CALHOUN. ONCE IN A LIFETIME OPPORTUNITY TO CONTROL A MAJOR GATEWAY TO THE HISTORICAL CITY OF CHARLESTON. THIS AREA WILL BENEFIT FROM FURTHER REDEVELOPMENT OF THE PORT AREA FOR THE CRUISE INDUSTRY AND THIS SITE COULD BE USED FOR MAJOR RETAIL, OFFICE, OR HOTEL USE. THE POSSIBILITIES ARE ENDLESS AND A CITY PARKING GARAGE IS WITHIN A COUPLE OF HUNDRED YARDS TO THE PROPERTY INVOLVED. SITE ANALYSIS OF THIS CORNER WILL SHOW THAT THERE ARE NOT MANY OTHERS LIKE IT IN ALL OF CHARLESTON AND THE DYNAMICS OF THIS ONE WILL HAVE MANY PROSPECTIVE PURCHASERS GOING AFTER IT SO TIME IS OF THE ESSENCE IF YOU HAVE INTEREST. REVIEW THE "CITY OF CHARLESTON" PLAN FOR THE AREA AT THE "PLANNING & ZONING" TAB ON THEIR WEBSITE. THE PLAN IS CALLED THE "Calhoun Street-East/Cooper Waterfront Area Plan". DOWNLOAD THE PDF AND YOU WILL SEE THAT IT DEFINES THE AREA UNDER CONSIDERATION QUITE WELL. THE STRUCTURES ON THE SITE ARE INCIDENTAL TO THE SALE AND DO HAVE STRONG VALUE SO PERFORM YOUR DUE DILIGENCE WITH THAT IN MIND AS WELL. HOWEVER THE OWNER DOES NOT WARRANT SUCH STRUCTURES AND THEY ARE STRICTLY "AS/IS". GOVERNMENTAL REQUIREMENTS SUCH AS "PLANNING & ZONING" ARE THE RESPONSIBILITY OF THE PURCHASER HOWEVER THE SELLER WILL ASSIST TO THE BEST OF THEIR ABILITY WITH ANYTHING NEEDED. THE VALUE OF THIS PROPERTY WILL ONLY INCREASE OVER TIME THEREFORE EVEN A BUY AND HOLD APPROACH WOULD MAKE SENSE. HISTORIC CHARLESTON IS RUNNING OUT OF PRIME DOWNTOWN LOCATIONS AND THIS ONE HAS EVERYTHING GOING FOR IT.

View the Full Details of this Home for Sale in Charleston

HOME

Blog Home


Share this Post:

Comments have been closed for this post.
Please contact us if you have any questions or comments.

Follow us on