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MLS# 30340175 | Mount Pleasant Commercial Sales

$4,022,914 | N/A beds | N/A full baths | N/A half baths | 7,270 sqft

$4,022,914
101 Pitt Street
Mount Pleasant, SC 29464
  • $553.36Price per SqFt
  • 7,270SqFt
  • 422Days on Market
  • N/AZoning
  • 1888Year Built
  • HospitalityUse
  • MLS# 30340175
  • Commercial Sales
  • Hospitality
  • Sold

  • Approx Time on MarketN/A
  • AreaMt. Pleasant South of Iop Connector
  • CountyCharleston
  • SubdivisionN/A

Overview

The property is a fixture and a landmark of the community. The real estate is irreplaceable. The Old Village Post House Inn and Restaurant was built in 1888 and is situated on a hard corner parcel of 0.13 acres at the prestigious corner of Pitt and Venning Streets in the coveted and historic Old Village community of Mount Pleasant which is the fourth largest city in the state. All proper licensing and zoning to operate as an inn and restaurant are current and convey. With continued use, new Town of Mt. Pleasant impact fees are not applicable. This grand property consists of approximately 3,910 sf of restaurant and approximately 3,360 sf of a 6 room inn. This property has been carefully restored, most recently in 2015, with renovations, cosmetic upgrades and a new roof. All of the new FF&E and new kitchen equipment will convey with the sale. In operation as an inn and restaurant since 2015 by current owners, online reviews are highly favorable. TURN-KEY OPPORTUNITYThe opportunity provides a new or seasoned operator a stress-free transition to a secure lifestyle which benefits from proven systems and processes in place, providing a financially stable business operation. Inn staff are trained and willing to stay with new owners. Old Village Post House Inn and Restaurant offers a new proprietor a distinct advantage to being the only B&B located in the Old Village.The property is being sold fully furnished and the inn and restaurant operation is TURN-KEY READY. The price includes all accoutrements needed to operate the business, This is a pride of ownership asset with high barriers of entry to the market. Financial operating data is available upon request and return of signed Confidentiality and Registration Agreement.This is the sale of an existing business along with the real estate. Showings are by appointment only. Please do not approach the employees for information on the sale. Please do not attempt to tour the property on your own. Please call the listing agent, Edward Robinson, to set up all showing appointments.


Sale Info

Listing Date: 01-30-2023

Sold Date: 02-04-2019

Listing Sold: 
   5 Year(s), 1 month(s), 24 day(s) ago

Asking Price: $4,022,914

Selling Price: $4,022,914

Price Difference: 
Same as list price

Building Info

Anchored:  No

Year Built:  1888

Financial

Asking Price Type:  Fixed Price

Garage / Parking

Lot Info

County:  Charleston

Land Size:  0.00

Misc

Title:  Historic Inn and Restaurant For Sale

Offer Compensation

Property Info

Second Property Subtype:  Hospitality

Zoning:  Neighborhood Commercial

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Other

Property Type:  A

Original Price:  $4,022,914

Build To Suit:  No

Property Use Type:  Bed & Breakfast, Business, Hospitality, Industrial, Inn, Investment, Multi-Family, Other, Retail

Class Type:  Hospitality

Sold Info

Sold Date:  2019-02-04T00:00:00

Sqft Info

Rentable Area:  7270

Unit Info

Utilities / Hvac

Courtesy of listing office Beach Commercial, A Division of The Beach Company 

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On domicilecharleston.com since Mon, Jan 30th 2023
No Property History recorded for this listing.
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 03-27-2024 11:53 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 03-27-2024 11:53 PM EST est.

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