Current Price:$7,000,000List Date:2/01/2024Last Modified:8/22/2024
Description
This mix of in-service STR units and prospective development allows for the creation of a comprehensive infill project comprising five potential buildings, situated across consecutive street frontages (95,97,99 Line), and offering a harmonious blend of residential and commercial spaces. The noteworthy 95 Line Street emerges as the centerpiece as it is 100% completed and strategically occupying the prominent corner of Line and Coming Street.
The 95 Line Street structure, a commendable feat of design, proudly boasts its commercial zoning and serves as a captivating mixed-use edifice. Rooted in its historical context, the structure showcases a meticulous restoration that faithfully pays homage to the original Germanic storefront, dating back the year 1867.
Supplements: Within 95 you will find a well-crafted four-unit historic establishment, a splendid juxtaposition of past charm and contemporary functionality is harmoniously realized. At present, three of these units serve as licensed short-term rental accommodations, duly operational and readily serving it's discerning clientele. The fourth unit, a versatile mercantile space, adds an appealing layer of commercial vibrancy to the development.
Eminently enhancing the allure of these units, each space bears the signature touch of refinement and elegance, by the gifted minds of interior designers Sarah Glenn Boman and Rebeccah Rumph, of Studio Maman Interiors. Their expertise and ingenuity have thoughtfully enlivened these spaces, creating a captivating ambiance that seamlessly blends form and function. *See attached photos and description courtesy of the management team at Stay Duvet.
In summary, this potential five-building infill development, and the established incomes from the STR units of 95 Line Street, have elevate this project to a realm of sophistication and distinction, that promotes a current hospitality and commercial environment ripe for a discerning eye to further expand. *see attached documentation.
More Information MLS# 23017239
Contract Info
MLS List Date: 2023-07-25Status: ActiveList Price: $7,000,000Current Price: $7,000,000
Location Tax Legal
Tax Map #: 4600801049Street #: 95Street Name: LineStreet Suffix: StreetCounty: CharlestonState: SCZip Code: 29403Area: 51 - Peninsula Charleston Inside of CrosstownTax District: 71 - City of CharlestonSubdivision: Cannonborough-ElliotboroughElementary School: MemmingerMiddle School: Simmons PinckneyHigh School: BurkeDirections: From King St. turn west on Line St. 2 blocks to the corner of LineSt. and Coming St. Property in on the left.
General Property Info
Number of Units: 4# Stories: 3Ground Level: YesPrimary Structure Apx SqFt: 4929Year Built: 1867Acreage: 0.23Lease Purchase: NoPotential Short Sale: NoOther Structures Y/N: Yes
Unit 1
SqFt: 1014Bedrooms: 3Baths: 3
Unit 2
SqFt: 1671Bedrooms: 4Baths: 4
Unit 3
SqFt: 1302Bedrooms: 4Baths: 4
Unit 4
SqFt: 671Bedrooms: 2Baths: 1
Other Structure
Other Structure Type: Other
Property Features
SqFt Source: Appraisal; Builder/Owner; Tax RecordsRoof: Architectural; MetalExterior: Brick - Solid; Wood SidingFoundation: Crawl SpaceDriveway: Gravel; Other (Use Remarks)Architectural Style: OtherZoning: ConformingCooling: Central AirHeat: Heat PumpAmenities: Cable TV; Exercise Area; Park; TrashSale Includes: All Furniture; Building and Land; Other (Use Remarks)Proposed Financing: Cash; Conventional LoanPossession: At ClosingUtility Suppliers: Charleston Water Service; Dominion Energy
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