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    3 Broad St Charleston, SC 29401

    For Sale
    $4,100,000

    Iconic Downtown Charleston Office, $4.1M

    Property size:
    11,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This stunning four-story, 11,500 square foot building at 3 Broad Street in Charleston, South Carolina, presents a unique investment opportunity. Constructed in the 1850s, this landmark property boasts beautiful façades on both East Bay and Broad Streets, wrapping around the adjacent One Broad Street building. The building currently features ground floor retail spaces on both streets, generating a consistent income stream from a diverse mix of office tenants occupying the upper three floors. The property is zoned LB - Limited Business. The exceptional location in Historic Downtown Charleston offers high visibility and accessibility. A significant advantage lies in the potential to develop a spectacular residential unit on the fourth floor, taking advantage of breathtaking Charleston Harbor and city views. With its rich history, prime location, and income-generating potential, this property represents a rare chance to acquire a piece of Charleston's vibrant heritage and a strong investment. The asking price is $4,100,000, with a price per square foot of $356.52.

    Property Features for 3 Broad St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,500 SF

    Building Details

    Stories
    4

    HighLights

    • $4,100,000 asking price.
    • 11,500 square foot office building.
    • $356.52 price per square foot.
    • Four‑story building.
    • Located at 3 Broad St, Charleston, SC 29401, with LB (Limited Business) zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CLEOD Glassworks Charleston Art Gallery Big Shot Booth ... Photography Service Marin, Barrett, and Murphy ... Personal Injury Attorney Elyon Massage and Boutique ... Massage Therapist Norton + Hodges Fashion Accessories Store

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Food Market Daycare Center Law Firm Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9273919
    Latitude
    32.7766748

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    FAQs

    What type of property is this?
    Office Property / Space - Iconic Downtown Charleston Office, $4.1M
    Where is this office property / space located?
    The property is located at 3 Broad St Charleston, SC.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: $4,100,000 asking price.; 11,500 square foot office building.; $356.52 price per square foot.
    Request Owner's contact information
    3 Broad St Charleston, SC 29401
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    Charleston, SC 29401
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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
    3 Broad St Charleston, SC 29401
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