2260 Noisette BlvdNorth Charleston, SC 29405

Property Details for 2260 Noisette Blvd

Year built

1950

Lot size

1.87 AC

Property size (Sq ft)

28,125 SF

Property type

Office properties

Property subtype

Office buildings

APN

400-00-00-053

APU

4000000053

Description

This unique offering presents a prime development and redevelopment opportunity within the thriving North Charleston Navy Yard. The property encompasses a 1.47-acre parcel zoned PD (Planned Development), allowing for diverse uses including mixed-use, multi-family, office, and hotel developments. An eight-story height district is permitted for new construction on this site. Also included is a vacant, 158,000-square-foot, six-story pre-cast concrete building, featuring Brutalist architecture, escalators, and an auditorium, presenting potential for adaptive reuse or redevelopment as a rooftop venue. This historic building formerly served as the U.S. Navy's Engineering-Management building. The property benefits from its location within a Qualified Opportunity Zone (OZ), making it eligible for federal and state tax credits. This exceptional opportunity is situated within a larger 70+ acre redevelopment project of a former U.S. Navy base, placing it at the epicenter of ongoing revitalization efforts in a high-barrier-to-entry Charleston market. The adjacent 1.47-acre parcel offers significant potential for ground-up development. The address is 2260 Noisette Blvd, North Charleston, SC 29405, in Charleston County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,541,834

  6.5%

  $2,346,308

  7%

  $2,178,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,611,982

  Geo Method

  $4,762,688

• Alternative Use

  Use

  Valuation

  Residential

  $2,909,422

  Hospitality

  $2,665,015

  Educational

  $2,217,261

  Medical

  $2,293,516

  Retail

  $3,449,073

Location Insight

City

North Charleston

County

Charleston

State

South Carolina

Latitude

32.8657

Longitude

-79.9705

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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