32 N Market Street, Charleston, SC 29401
$14,850,000
Property Type:
Commercial Sale
Square Footage:
11,785
Status:
Active
Current Price:
$14,850,000
List Date:
1/16/2025
Last Modified:
7/30/2025
Description
This iconic property has never been on the open market for sale and owned by the same family since the 1970s. This property is located across East Bay Street from the highly anticipated Union Pier project. It is also adjacent to the new Marriott 50-room timeshare project.
Located at the prominent corner of East Bay and North Market Streets, this historic building was originally built as The Church of the Redeemer Chapel and The Harriott Pinckney Home for Seaman on land donated from Ms. Pinckney. After deconsecration in the 1960's, the church building opened as a restaurant and has been one ever since.
This is a one of a kind property with long-term leases in place. Tenants include Church and Union, Tempest, Savannah's Candy Kitchen, and a carriage tour company. Financials are available upon request on receipt of a signed NDA.
More Information MLS# 31003119
Location
Street Number: 32
Street Direction Prefix: N
Street Name: Market
Street Suffix: Street
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
State or Province: SC
Postal Code: 29401
Parcel Number: 4580503040
Opportunity Zone: No
General Information
Status: Active
Property Sub Type: Retail
Secondary Sub-Type: Retail
Listing Name: 32 N. Market
Is Condo?: No
Property Condition: Existing
Number of Units Total: 3
Building Area Total: 11785
Lot Acres: 0.32
Zoning: City of Charleston - GB - General Business
Property Visibility: Excellent
Anchored?: No
List Price/Acre: 46406250
List Price/SqFt: 1260.08
For Comp Purposes Only: No
Opt In to Crexi?: Yes
Contract Information
Listing Contract Date: 2024-03-29
List Price: $14,850,000
Original List Price: 15500000
Tax Legal Description: W East Bay And N Market
Current Price: $14,850,000
Building Related
Tenancy: Multiple Tenants
General Condition: Excellent
Stories Total: 2
Year Built: 1916
Year Renovated: 2000
Parking Total: 5
Land Related
In Flood Plain?: Yes
Financials
Tax Assessed Value: 335240
Status Change Info
Status Change Date: 2025-01-16
Auction Details
Auction: No
Property Features
Property Sub Type: Retail
Current Use: Commercial; Restaurant; Retail
Structure Type: Retail
Existing Lease Type: NNN; Other
Retail Clientele: Family; General; Recreation; Tourist; Traveler
Construction Materials: Brick; Brick Veneer
Parking Type: Surface
Heating: Central; Heat Pump
Cooling: Heat Pump; Multi Units
Road Frontage Type: City Street
Road Surface Type: Asphalt
Water Source: Public
Sewer: Public Sewer
Listing Terms: Cash; Conventional
Listing Office: Premier Properties Charleston
Last Updated: July - 30 - 2025
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