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MLS# 31001700 | Charleston Commercial Sales

$2,900,000 | N/A beds | N/A full baths | N/A half baths | 7,350 sqft

$2,900,000 Reduced -$600,000
11 Broad Street
Charleston, SC 29401
  • $394.56Price per SqFt
  • 7,350SqFt
  • 247Days on Market
  • N/AZoning
  • 1856Year Built
  • OfficeUse
  • MLS# 31001700
  • Commercial Sales
  • Office
  • Active

  • Approx Time on Market8 months, 3 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

Multi-tenant office building for sale in historic downtown Charleston. Offered with a long-term tenant lease of the first floor through January 2025, this is a great potential investment opportunity and a prime location for a business looking to establish prominence in Charleston's bustling professional and tourist scene. **Historic Charleston Foundation holds a preservation easement on the building, and they have conceptually approved residential use for the second and third floors. All commercial uses allowed.Constructed in 1856, 11 Broad Street is a three-story masonry building in the Italianate-style. It was converted to office use in the 1980's, having previously served as a bookstore and dining establishment. The building features central HVAC, half bathrooms on each floor, a full bathroom on the first, carpet in the first-floor offices and hardwood floors elsewhere. The common area includes a grand lobby with lofted ceilings and large windows, a staircase, and a small rear courtyard. The courtyard is accessed on each floor by double French doors and a metal balcony with spiral staircase from the second and third floors. There is an executive conference room at the front of the building between the second and third floors. The first and third floors have a kitchenette. There are eight private rooms on each floor.Conveniently located within walking distance to the ''Four Corners of Law'', Rainbow Row, White Point Gardens, Waterfront Park and some of Charleston's best dining establishments. Street parking available. Potential for the transfer of allotted spaces in a nearby parking garage.


Building Info

Anchored:  No

Year Built:  1856

Financial

Garage / Parking

Lot Info

County:  Charleston

Land Size:  0.00

Misc

Title:  11 Broad Street | 3-Story Elevated Masonry Building 7,350 Sq Ft

Offer Compensation

Property Info

Ceiling Height Maximum:  20.00

Second Property Subtype:  Office

Zoning:  City of Charleston - LB - Lim

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Cash, Conventional

Property Type:  A

Original Price:  $3,500,000

Ceiling Height Minimum:  8.00

Property Use Type:  Executive Suites, Office

Class Type:  Office

Sold Info

Sqft Info

Rentable Area:  7350

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer, Storm Sewer

Directions

Travel onto the Charleston Peninsula via East Bay Street. At the Exchange Building on Broad Street, turn left and 11 Broad is within one block on your left.

Courtesy of listing office Holcombe Fair & Lane 

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Price & Status History (on domicilecharleston.com since Mon, Aug 28th 2023)
  • Original Price: $3,500,000
  • Current Price: $2,900,000
  • Price Reduced: $600,000
Date ChangedFromTo
01/22/2024$3,500,000 $2,900,000 Reduced by $600,000
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 05-02-2024 8:29 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 05-02-2024 8:29 AM EST est.

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