MLS# 29923546 | 515 E Bay Street Charleston SC | subdivision
843-225-7007
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Charleston, SC 29401
- $389.88Price per SqFt
- 7,310SqFt
- 445Days on Market
- N/AZoning
- 1958Year Built
- RetailUse
- MLS# 29923546
- Commercial Sales
- Retail
- Sold
- Approx Time on MarketN/A
- AreaHistoric Charleston
- CountyCharleston
- SubdivisionN/A
Overview
515 East Bay is an excellent investment opportunity or a mixed use urban infill development consisting of 17,610 square feet of Class A office and ten luxury urban condominiums. Located in Historic Downtown Charleston, the project is walking distance from the new Gaillard Performing Arts Center and Marion Square that now form the urban centerpiece of the historic district. This unique property has frontage on both East Bay Street and Alexander Streets. The connectivity between East Bay and Alexander Streets provides two points of access to park approximately forty-five vehicles under the buildings.The fully entitled land features both LB and DR-1F zoning. On-site parking, limited competitive product and inventory (existing or proposed), high demand for luxury condominiums and Class A office and attractive ROI are compelling investment fundamentals. The site is improved with a 7,310 S.F. showroom/office/warehouse building. Although a recorded plat indicates that the subject building is a one-story structure of 6,760 S.F., the most recent survey and my measurements indicate that it is one and one-half story and 7,310 S.F. There is 4,834 S.F. of first floor showroom/office/warehouse space and 2,476 S.F. of second floor office space, as well as mezzanine storage. Public records indicate a total size of 7,499 S.F.
Sale Info
Listing Date: 01-30-2023
Sold Date: 09-09-2016
Listing Sold: 
7 Year(s), 7 month(s), 10 day(s) ago
Asking Price: $2,850,000
Selling Price: $2,850,000
Price Difference:
Same as list price
Building Info
Anchored: No
Year Built: 1958
Financial
Asking Price Type: Fixed Price
Garage / Parking
Parking Type: Surface
Lot Info
County: Charleston
Lot Acres Min: 0.540
Land Size: 0.54
Misc
Title: 515 East Bay
Offer Compensation
Property Info
Second Property Subtype: Retail, Special Purpose
Zoning: City of Charleston - LB - Lim
Nearest Msa: Charleston-North Charleston, SC
Sale Terms: Cash
Property Type: A
Original Price: $2,850,000
Build To Suit: No
Property Use Type: Bar/Tavern/Lounge, Business, Industrial, Investment, Mixed Use, Multi-Family, Restaurant, Retail
Class Type: Retail
Sold Info
Sold Date: 2016-09-09T00:00:00
Sqft Info
Rentable Area: 7310
Unit Info
Utilities / Hvac
Water Source: Public
Sewer: Public Sewer
Courtesy of listing office Salmonsen Realty
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