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MLS# 31001915 | Charleston Commercial Sales

$439,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$439,000 Reduced -$136,000
20 Cypress Street
Charleston, SC 29403
  • N/APrice per SqFt
  • N/ASqFt
  • 208Days on Market
  • N/AZoning
  • N/AYear Built
  • Unimproved LandUse
  • MLS# 31001915
  • Commercial Sales
  • Unimproved Land
  • Active

  • Approx Time on Market6 months, 25 days
  • AreaHistoric Charleston - Upper Peninsula
  • CountyCharleston
  • SubdivisionN/A

Overview

Exclusive opportunity to acquire a prime, fully entitled 0.06-acre vacant lot located at 10 Cypress Street (previously known as 20 Brigade St.), which serves a a major east-west conduit. Located in the thriving corridor of Downtown Charleston's Upper Peninsula Technology Corridor, it has immediate access to Interstate 26 (on very wide Cypress St.) and walkable to Home Team, Lewis BBQ, Edmunds Oast, and myriad other venues. This asset is situated in a designated Opportunity Zone, and contiguously bordering on the future Low Line linear park next to an activated node called ''The Columns''. The project has full vested rights for a 2 1/2 story, 2,650 sq. ft. office- perfect for a ''right sized'' owner occupied office user. All approvals and DD materials from top professionals confer and are transferable. Location:Address: 10 Cypress Street, Downtown Charleston. Zone: Limited Business (LB)Opportunity Zone Benefits:Investing in this parcel offers potential substantial tax advantages due to its location within an Opportunity Zone. By aligning your investment strategies with community development, you can achieve deferred, reduced, or even eliminated capital gains taxes, potentially providing a higher overall return on investment.Seize this unique opportunity to invest in Charleston's prosperous future and realize unparalleled value creation and growth. Contact us to discuss the potential and details of 10 Cypress Street.


Building Info

Anchored:  No

Financial

Asking Price Type:  Fixed Price

Garage / Parking

Lot Info

County:  Charleston

Lot Acres Min:  0.060

Land Size:  0.06

Misc

Title:  20 Cypress Street Land

Offer Compensation

Property Info

Second Property Subtype:  Unimproved Land

Zoning:  City of Charleston - LB - Lim

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Cash

Property Type:  A

Original Price:  $575,000

Property Use Type:  Commercial, Development, Investment, Vacant

Class Type:  Unimproved Land

Sold Info

Sqft Info

Unit Info

Utilities / Hvac

Water Source:  Public

Utilities:  Cable Available, Electricity Available, Internet Available, Phone Available, Sewer Available, Water Available

Sewer:  Public Sewer

Directions

Driving north from Meeting Street and Huger street. From Meeting Street heading north you will take a left onto Cypress Street and the lot will be on your right.

Courtesy of listing office Woodlock Brokerage LLC 

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Price & Status History (on domicilecharleston.com since Mon, Oct 2nd 2023)
  • Original Price: $575,000
  • Current Price: $439,000
  • Price Reduced: $136,000
Date ChangedFromTo
01/18/2024$575,000 $439,000 Reduced by $136,000
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 04-27-2024 2:30 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 04-27-2024 2:30 PM EST est.

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