First-Floor Class A Office
171 Church Street Charleston, SC 29401
New
171 Church Street, Charleston, SC, 29401
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For Sale
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First-floor office suite with receptionist lobby, two conference rooms, and kitchen, plus four parking passes to a covered garage.
Property Size3,476 SF
Price / SF$431.24
Days on Market7
Property Features for 171 Church Street
General Information
- Standard status
- Active
- Size
- 3,476 SF
- Property subtype
- Office
Listing agency
Sperry - KEY Group
Listed by
Bill Hopkins · License #124112 SC
Source
Crexi
Added: Jul 16 Updated: Jul 21 at 6:36PM Checked: Jul 21 at 6:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry - KEY Group
Investment Insights
Based on property information with market context.
Class A office space located on the first floor in the Franke Building. The suite includes a nice lobby area with a receptionist desk, two conference rooms with tables and chairs included, and a kitchen with a refrigerator and microwave included.
The property is in the heart of downtown Charleston near the market and close to the Courthouses. Four parking passes are included for an attached City-owned and operated covered garage.
The property is in the heart of downtown Charleston near the market and close to the Courthouses. Four parking passes are included for an attached City-owned and operated covered garage.
Key Highlights
- Class A first‑floor office space in the Franke Building in downtown Charleston
- Receptionist lobby with a receptionist desk
- Includes two conference rooms with tables and chairs
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.2k | $22.20 |
| − Vacancy | −$12.1k | −$3.49 |
| EGI | $65.1k | $18.71 |
| − OpEx | −$16.3k | −$4.68 |
| NOI | $48.8k | $14.04 |
3,476 SF · lease $22.20/SF/yr · vacancy 15.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$697.0K
$609.9K – $813.2K
NOI $48,789 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$940.7K
$823.1K – $1.10M
NOI $65,847 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Allison LaMantia
Law Firm
Smith Debnam Narron ...
Law Firm
Fairchild
Consultant
Southeastern Dental Consultants, ...
Dental Office
Gersony Strauss Co
Trucking Company
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FAQs
What type of property is this?
Office units - First-floor office suite with receptionist lobby, two conference rooms, and kitchen, plus four parking passes to a covered garage.
Where is this office units located?
The property is located at 171 Church Street Charleston, SC.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Class A first‑floor office space in the Franke Building in downtown Charleston; Receptionist lobby with a receptionist desk; Includes two conference rooms with tables and chairs
