Listed by Coldwell Banker Commercial Atlantic
$1,395,000
645 E Bay Street
Details
APN 459-06-04-021
Property Type Retail, Multifamily
Sub Type Storefront, Traditional Office
Units 3
Year Built 1880
Stories 4
Acreage 0.110
Zoning MU-1, Old City District & Old City Height District, Opportunity Zone, Amusement and Recreation Zone
Parking Spaces 8 spaces
Investment Type Redevelopment
Retail
Marketing description
Introducing a rare development opportunity in one of Charleston’s most dynamic downtown corridors. Positioned on East Bay Street with direct views of the Ravenel Bridge, this property offers the ability to construct three units across four stories, combining residential and commercial uses in a highly desirable, highvisibility location.
The property is fully entitled, with permits ready to be issued for a first-floor office, a second-story condo, and a third-level and fourth-level two story penthouse with sweeping views of the harbor. Located in an Opportunity Zone, all approvals have been secured, allowing for immediate development with no extended wait time.
The site encompasses approximately 0.11 acres, with approximately 4,791 SF of allowable ground coverage and up to three stories of vertical construction (per applicable zoning and planning guidelines). This is one of the few remaining opportunities to develop multiple units in downtown Charleston with this level of frontage, accessibility, and view corridor.
1 Block from the Cigar factory Plans include 3 units: 1st floor - 1093 sft Office space 2nd floor- 1588 sft Condo with Harbor Views 3rd floor- 2713 sft 3Br/2.5Ba 2 story Condo with Harbor view and roof top deck. Parking- The Condos have 2 dedicated parking spots in the detached garage Parking- There are 2 dedicated parking spots for the office Full construction set would convey to the buyer.
±6,655 SF This offering provides a shovel-ready path forward for investors, owner-users, or residential developers seeking a
high-quality boutique mixed-use asset in a premier Charleston location. The conveyance of a completed architectural and
construction plan set materially reduces both design timeline and development risk, positioning the next owner to move
efficiently into permitting and execution.
Investment highlights
- One block from the Cigar Factory redevelopment
- Immediate proximity to the Union Pier redevelopment transformation corridor
- Excellent visibility and access along East Bay Street
- Harbor and Ravenel Bridge view corridors from upper levels
- Walkable to local dining, retail, and waterfront amenities
- First Floor: ±1,093 SF commercial office suite
- Second Floor: ±1,588 SF condo residence with harbor views
- Third Floor / Fourth Level: ±2,713 SF two-story, 3BR / 2.5BA condo with harbor views and a private rooftop deck
- Two (2) dedicated parking spaces for the office user
- Two (2) dedicated parking spaces for the residential units (detached garage)
- Total: Four (4) private parking spaces
- Built in 1880
- Zoned MU-1
- Prime Charleston location
- Historic charm
- Investment opportunity
- Potential for diverse use
- Highly desirable area
Listing Contacts
Listed by Coldwell Banker Commercial Atlantic
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