645 E Bay St $1,299,000

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    645 E Bay St Charleston, SC 29403

    • 0.11 Acres
    • Commercial Sale
    • MLS# 30818270
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    Views: 0 Days On Site: 3

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    Property Details

    Well-located lot at the base of the Ravenel bridge (between Mt. Pleasant and on the way to the Historic Charleston Business district). The property is adjacent to the new multifamily development, 655 Easy Bay & has the highest density zoning that The City of Charleston currently offers, only restricted by the buildings height. E Bay St is one of the main corridors to historic Downtown Charleston and sports 21,400 VPD. The property is cleared with no current leases or other obligations on the site. The parcel is zoned in the Mixed Use 1, Workforce Housing District. The MU-1/WF is the city's densest zoning category and thus it allows high density residential development only limited by height & in this location a 5 story height limit for the bulk of the property on the E Bay side and a 2 ½ - 3 story limit for the rear portion. This district is incentive based and is intended to encourage high density residential development with affordable housing units and commercial uses. This district permits the same commercial uses as the Limited Business district. The hours of operation for most permitted commercial uses are restricted to between 7 a.m. and 11 p.m.

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    Neighborhood

    29403 (Charleston) Demographics

    30 Median Age
    2,966 Population Density (per sq. mile)
    61% College Educated
    $50,569 Estimated Median Income
    3,321 Estimated Total Home Owners
    5,490 Estimated Total Renters
    38% / 62% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    22,117 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $705,000 Median Sales Price
    25 Homes Sold
    24 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,299,000
        9/22/2022 4:06:00 PM New in Database Source: Multiple Listing Service New Value: $1,299,000

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        IDX The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Carolina Commercial MLS. Listings belonging to listing firms other than Engel & Völkers Charleston are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house), and detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. © Copyright 2022 South Carolina Commercial MLS. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.