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    1975 N Hobson Ave North Charleston, SC 29405

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    For Sale
    $6,500,000

    Historic Powerhouse in Navy Yard redevelopment, ideal for entertainment.

    Property size:
    31,875 SF

    Property Features for 1975 N Hobson Ave

    General Information

    Size
    31,875 SF

    Building Details

    Year built
    1909

    Source: E. David Grubbs, Jr., SIOR Agent E. David Grubbs, Jr., SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Navy Yard Powerhouse Venue Opportunity

    The Navy Yard Charleston redevelopment project focuses on transforming a historic naval shipyard into a vibrant mixed-use community. The Powerhouse, a significant structure within this project, offers the potential for renovation into a world-class venue. Design plans emphasize spacious, light-filled areas with soaring truss ceilings, creating an inviting atmosphere. The first level could accommodate artist space, production offices, and a bar area, while the second level could feature VIP lounges and additional support spaces, all designed to foster creativity and collaboration. Located at the corner of N. Hobson Ave and McMillian Ave in North Charleston's Navy Yard development, the existing building size is approximately 31,875 square feet, with the potential to expand up to approximately 50,000 square feet. The parcel size is estimated to be approximately 1.952 acres, subject to final survey. The property is located in an Opportunity Zone and is zoned GC- General Commercial. It is ideal for entertainment purposes such as film production, a music or event venue, office building, or other imaginative commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Theaters & concert halls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -79.971046
    Latitude
    32.862603

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    FAQs

    What type of property is this?
    Theater & concert hall - Historic Powerhouse in Navy Yard redevelopment, ideal for entertainment.
    Where is this theater & concert hall located?
    The property is located at 1975 N Hobson Ave North Charleston, SC.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Opportunity to redevelop a historic Powerhouse building within the Navy Yard Charleston redevelopment project.; - Located in an Opportunity Zone, offering potential tax benefits.; - Potential building size up to ±150,000 SF on a ±1.952 AC parcel.
    (843) 814-6111
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    1975 N Hobson Ave North Charleston, SC 29405
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    North Charleston, SC 29405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1975 N Hobson Ave North Charleston, SC 29405
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