645 E Bay Street, Charleston, SC 29403
$1,049,000
Property Type:
Commercial Sale
Status:
Active
Current Price:
$1,049,000
List Date:
8/02/2023
Last Modified:
11/05/2023
Description
Mixed-use multifamily redevelopment opportunity located on iconic East Bay St. The parcel is zoned Mixed use 1, Workforce Housing District. The liberal zoning allows the highest density the city offers and has no setback requirements. Five-story height limit for the bulk of the property on the E Bay side and a 2 ½ - 3 story limit for the rear portion. In addition, no parking restrictions are placed on the first 5,000 square feet of no residential space. This lot is situated between the rapidly growing NoMo neighborhood and the famous historic downtown. The city has encouraged residential development in the area.
More Information MLS# 31001516
Location
Street Number: 645
Street Direction Prefix: E
Street Name: Bay
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: 29403
Parcel Number: 4590604021
Opportunity Zone: No
General Information
Status: Active
Property Sub Type: Unimproved Land
Secondary Sub-Type: Industrial
Listing Name: Mixed Use Vacant Land in Charleston!
Lot Acres Min: 0.11
Lot Acres: 0.11
Zoning: City of Charleston - MU-1/WH - Mixed-Use Workforce Housing
List Price/Acre: 9536363.64
Contract Information
Listing Contract Date: 2023-08-02
Fixed Price or Range?: Fixed Price
List Price: $1,049,000
Original List Price: 1099000
Tax Legal Description: Lt D
Current Price: $1,049,000
Land Related
Part of Planned Development?: No
In Flood Plain?: Yes
Financials
Tax Assessed Value: 24140
Directions & Remarks
Directions: via Meeting St and E Bay St. Onto Wentworth St turns left and becomes E Bay St. Destination will be on the left
Public Remarks: Mixed-use multifamily redevelopment opportunity located on iconic East Bay St. The parcel is zoned Mixed use 1, Workforce Housing District. The liberal zoning allows the highest density the city offers and has no setback requirements. Five-story height limit for the bulk of the property on the E Bay side and a 2 ½ - 3 story limit for the rear portion. In addition, no parking restrictions are placed on the first 5,000 square feet of no residential space. This lot is situated between the rapidly growing NoMo neighborhood and the famous historic downtown. The city has encouraged residential development in the area.
Status Change Info
Status Change Date: 2023-08-02
Auction Details
Auction: No
Area and Location
Airports: CHS
Property Located Between: Located off of E Bay St between Columbus & Amherst St
Property Features
Property Sub Type: Industrial; Unimproved Land
Current Use: Commercial; Investment; Mixed Use; Other
Existing Lease Type: Other
Listing Terms: Other
Listing Office: Matt O'Neill Real Estate
Last Updated: November - 05 - 2023
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