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    83 Mary St Charleston, SC 29403

    Sponsored
    For Sale
    $6,000,000

    Prime Location, Modern Building, High ROI Potential

    Property size:
    8,317 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-story mixed-use building, constructed in 2019, offers 8,317 square feet of versatile space in Charleston, SC's vibrant Upper King Street area. Located at 83 Mary Street, this property boasts a prime location just steps from the bustling King Street, known for its renowned shopping, dining, and nightlife. The building's modern design features high ceilings, abundant natural light, and an open floor plan on each floor, making it ideal for a variety of uses, including restaurants, retail, office space, or late-night establishments. A key feature is the rooftop, which offers stunning views of the peninsula and the Ravenel Bridge, and is uniquely exempt from late-night ordinances, presenting a lucrative rooftop bar opportunity. The ground floor is currently leased, and the building's MU-2 zoning allows for diverse commercial uses. The property's proximity to planned hotels across the street further enhances its investment potential. The first floor is equipped with a hood, exhaust system, and grease trap, making it restaurant-ready. This is a rare opportunity to acquire a modern, high-demand commercial property in a rapidly growing area of Charleston. The asking price is $6,000,000, representing a price per square foot of $721.41. Don't miss this chance to capitalize on the thriving Charleston market.

    Property Features for 83 Mary St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,317 SF

    Building Details

    Year Built
    2019
    Stories
    4

    HighLights

    • 8,317 SF four‑story mixed‑use building in Charleston's Upper King Street area.
    • Rooftop bar opportunity with late‑night ordinance exemption.
    • Ground floor restaurant‑ready (hood, exhaust, grease trap); opportunity to occupy and lease other floors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9388353
    Latitude
    32.7905477

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, Modern Building, High ROI Potential
    Where is this mixed-use property located?
    The property is located at 83 Mary St Charleston, SC.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: 8,317 SF four-story mixed-use building in Charleston's Upper King Street area.; Rooftop bar opportunity with late-night ordinance exemption.; Ground floor restaurant-ready (hood, exhaust, grease trap); opportunity to occupy and lease other floors.
    (843) 414-1508
    Request Owner's contact information
    83 Mary St Charleston, SC 29403
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    Charleston, SC 29403
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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
    83 Mary St Charleston, SC 29403
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