18 Pinckney StCharleston, SC 29401

  • Commercial real estate
  • 2,584 SF
For Sale
$2,200,000 View listing

Property Details for 18 Pinckney St

Year built
1985
Lot size
0.07 AC
Property size (Sq ft)
2,584 SF
Property type
Commercial real estate
APN
458-05-01-076
APU
4580501076

Description

This exceptional restaurant opportunity is located at 18 Pinckney Street, Charleston, SC 29401, a vibrant area in the heart of the city. The property, a two-story building, boasts approximately 2,500 square feet of interior space, complemented by an outdoor dining porch and a shaded brick patio, ideal for expanding seating capacity during peak seasons. Its prime location, just one block from the historic City Market and directly across from numerous carriage tour operators, ensures high visibility and foot traffic. This translates to a captive audience of hundreds of thousands of tourists annually, providing significant potential for revenue generation. The property has a rich history, having served as the home of the well-regarded Cru Cafe for over two decades. The zoning is Limited Business. The property is offered as a single-tenant space with a base rent of $12,000 per month on an Absolute Net lease. Fixtures, furniture, and equipment (FF&E) are available for separate purchase. This presents a unique chance to acquire a well-established restaurant space in a highly desirable location within Charleston's bustling downtown core. The cross street is Motley Lane.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $267,305
    Hospitality
    $244,850
    Educational
    $203,712
    Medical
    $210,718
    Retail
    $316,886

Location Insight

City
Charleston
County
Charleston
State
South Carolina
Latitude
32.7825
Longitude
-79.9287
CBSA code
16700
CBSA name
CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,127
-
-
$51,470
-
$820,619
$176,881
$997,500

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