184 Bay StCharleston, SC 29401

This exceptional retail property, located at 184 E Bay St in Charleston, South Carolina, presents a compelling redevelopment opportunity. The 1,086 square foot space, currently configured as a convenience store, restaurant, and bar, is situated in a vibrant downtown location just one block from Waterfront Park and the planned 69-acre Union Pier development. Surrounded by thriving retail, hotels, the courthouse, and numerous popular Charleston attractions, this Class B property boasts a strong location within a high-traffic area. The current lease is a triple net (NNN) agreement with a remaining term of approximately 0.7 years, expiring July 30, 2025, and includes a 4% annual rent bump. The asking price is $1,550,000, representing a price per square foot of $1,427.26 and a 4.07% capitalization rate based on a net operating income (NOI) of $63,060. The property is zoned GB and offers a single tenancy. The lease commenced July 31, 2022, and includes one lease option. This property is ideal for investors seeking a high-return investment in a prime Charleston location with significant redevelopment potential. The tenant has no credit rating.