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    176 Broad St Charleston, SC 29401

    Sponsored
    For Sale
    $6,000,000

    Historic Charm, Modern Luxury, 9 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Charleston, SC multifamily property offers a compelling investment opportunity. Located at 176 Broad St, in the 29401 zip code, this Class A property consists of three buildings totaling nine units, meticulously updated while preserving historic details. The buildings, constructed in 1880, feature a harmonious blend of historic charm and modern luxury. Unit configurations include four one-bedroom/one-bathroom units, four two-bedroom/two-bathroom units, and one two-bedroom/one-bathroom unit, for a total of fourteen bedrooms and thirteen bathrooms. Desirable features throughout the units include exposed wood beams, decorative fireplaces, stunning wood floors, piazzas, and spiral staircases. Nine off-street parking spaces are provided for residents. The 0.17-acre lot is zoned DR-1F, and the property presents the potential for future condo conversion. Its prime location near Colonial Lake adds significant value, making this a truly extraordinary blend of history, luxury, and location. The asking price is $6,000,000, with a price per unit of $666,666.67. The property boasts 100% occupancy. This is an ideal investment opportunity in a highly desirable Charleston location.

    Property Features for 176 Broad St

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1880
    Buildings
    3
    Stories
    3
    Units
    9

    HighLights

    • Nine updated units: four 1‑bedroom/1‑bathroom, four 2‑bedroom/2‑bathroom, and one 2‑bedroom/1‑bathroom.
    • Fourteen bedrooms and thirteen bathrooms total.
    • Nine off‑street parking spaces.
    • Excellent location near Colonial Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Realty agency Hair Salon Law Firm Dental Office Nail Salon Food Market Daycare Center 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
    -79.938608523839
    Latitude
    32.775735715181

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    FAQs

    What type of property is this?
    Multifamily property - Historic Charm, Modern Luxury, 9 Units
    Where is this multifamily property located?
    The property is located at 176 Broad 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: Nine updated units: four 1-bedroom/1-bathroom, four 2-bedroom/2-bathroom, and one 2-bedroom/1-bathroom.; Fourteen bedrooms and thirteen bathrooms total.; Nine off-street parking spaces.
    (843) 823-4078
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    176 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
    176 Broad St Charleston, SC 29401
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