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MLS# 30708397 | Charleston Commercial Sales

$9,200,000 | N/A beds | N/A full baths | N/A half baths | 27,500 sqft

$9,200,000
525 E Bay Street
Charleston, SC 29403
  • $334.55Price per SqFt
  • 27,500SqFt
  • 444Days on Market
  • N/AZoning
  • 2004Year Built
  • OfficeUse
  • MLS# 30708397
  • Commercial Sales
  • Office
  • Sold

  • Approx Time on MarketN/A
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

Lee & Associates Charleston is pleased to offer for sale 525 East Bay Street (""the Property""). The Property is located in the heart of the Downtown Charleston peninsula and is comprised of 27,500 sq. ft. with incredible visibility at the corner of East Bay Street and Chapel Street. This opportunity is being offered as a stabilized investment office sale.This investment offering is a terrific opportunity to own a marquee office building in the Charleston office market, one of the most desirable locales in the nation.Due to its affordability, high quality of life, and strong business sentiment, Charleston has attracted leading national and international companies over the course of the past decade. Within its boundaries are many flagship properties and developments which would be standout offices in any area of the country. 525 East Bay is one of those properties.With an unbeatable location, attractive aesthetics, an adundance of parking, and stabilized tenancy comprised of world-class companies, this is a rare opportunity to own property in Charleston's growing office market.


Sale Info

Listing Date: 01-30-2023

Sold Date: 11-10-2021

Listing Sold: 
   2 Year(s), 5 month(s), 9 day(s) ago

Asking Price: $9,200,000

Selling Price: $9,200,000

Price Difference: 
Same as list price

Building Info

Anchored:  No

Year Built:  2004

Financial

Asking Price Type:  Fixed Price

Garage / Parking

Lot Info

County:  Charleston

Land Size:  0.00

Misc

Class of Space:  Class A

Title:  6.9% CAP | OFFICE INVESTMENT OPPORTUNITY

Offer Compensation

Property Info

Second Property Subtype:  Office

Zoning:  City of Charleston - LB - Lim

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Other

Property Type:  A

Original Price:  $9,200,000

Build To Suit:  No

Property Use Type:  Investment, Office

Class Type:  Office

Sold Info

Sold Date:  2021-11-10T00:00:00

Sqft Info

Rentable Area:  27500

Unit Info

Utilities / Hvac

Courtesy of listing office Lee & Associates - Charleston 

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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 04-19-2024 9:03 AM 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 04-19-2024 9:03 AM EST est.

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