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Presented by
Biernat Team |
Mixed-Use Development Opportunity in Downtown Charleston. Introducing a rare development opportunity in one of Charleston's most dynamic downtown corridors. This offering provides a shovel-ready path forward for investors, owner-users, or residential developers seeking a high-quality boutique mixed-use asset in a premier Charleston location. Positioned on East Bay Street with direct views toward the Ravenel Bridge, this property offers the ability to construct three units across three stories, combining residential and commercial in a highly desirable, high-visibility location. Situated within the SC Opportunity Zone and falling under MU-1/WH zoning, the site supports flexible mixed-use development. The property is further guided by special district overlays including the Old City District, Old City Height District, and the Amusement and Recreation District, reinforcing long-term value potential. The site encompasses approximately 0. 11 acres with approximately 5394 total building SF, 4, 791SF of ground coverage lot size, allowable and up to three stories of vertical construction (per applicable zoning and planning guidelines). This is one of the few remaining opportunities to develop multiple units in the downtown Charleston core with this level of frontage, accessibility, and view corridor. Location Highlights *One block from the Cigar Factory redevelopment *Immediate proximity to the Union Pier redevelopment transformation corridor *Excellent visibility and access along East Bay Street *Harbor and Ravenel Bridge view corridors from upper levels *Walkable to local dining, retail, and waterfront amenities Proposed Program (Full Construction Set Conveys): *First Floor: ±1, 093 SF commercial office suite *Second Floor: ±1, 588 SF condo residence with harbor views *Third Floor / Fourth Level: ±2, 713 SF two-story, 3BR / 2. 5BA condo with harbor views and a private rooftop deck Parking: * Two (2) dedicated parking spaces for the office user *Two (2) dedicated parking spaces for the residential units (detached garage) *Total: Four (4) private parking spaces Total Proposed Building Area: ±5, 394 SF The conveyance of a completed architectural and construction plan set materially reduces both design timeline and development risk, positioning the next owner to move efficiently into permitting and execution.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,449,000
Sales Associates
William Raveis Real Estate
Phone: 239.529.5451
BiernatTeam@Raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,159,200 | $1,159,200 | $1,159,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.259% | 6.203% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,765 | $7,043 | $9,782 |
| Total Monthly Payment | $6,890 | $7,168 | $9,907 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.