59 Broad Street
Downtown Charleston Mixed Use Development Opportunity | 5,743 SqFt
Marketing description
59 Broad Street is a notable three-story mixed-use building located along Broad in the heart of Charleston's historic and scenic commercial corridor. The property currently totals 4,923 square feet with +/- 1,641sf floor plates and offers a rare combination of entitlements and approvals. These entitlements include food & beverage use, the addition of the fourth floor penthouse (which can be tied into the third floor) as well as BAR approved, permit ready, store front renovation that will activate the ground floor space with accordion doors and updated facade. The multitude of uses offers a rare opportunity for an owner occupant or an investor looking to make his mark with an adaptive-reuse project. The property is strategically situated between King & E Bay and is positioned in close proximity to high-end retailers, restaurants, and historic landmarks. The offering boasts historic charm with the opportunity to add modern finishes in an ever growing sub-market.
Investment highlights
Entitlements and Approved Permits in place
Prime Location: Situated on one of the city’s most prestigious and walkable
streets and amongst many of Charleston's esteemed restaurantsRetail F&B Renaissance: Long occupied by law firm and business offices Broad Street has evolved in recent years from a push by the city and landlords to liven up the block as seen by the recent arrivals such as Sorelle, Brasserie La Banque, Jakes, and more in the pipeline
Diverse Customer Base: Broad St is flanked by the historic Harleston Village and South of Broad neighborhoods but also the hospitality and tourist driven French Quarter. Providing an eclectic and well-off customer base unrivaled on the peninsula
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