989 Morrison Dr Charleston, SC, 29403
$ 3,750,000Bedrooms Baths0.0
for $3,750,000. The lot size is 0.590 Acre(s).
The property is located at the gateway of the North Morrison district which has undergone significant redevelopment and transformation in recent years. The rejuvenation of this area began with the development of the Cool Blow project which consists of a mixed use development with 58 loft style apartments and 20, 000 sf of office/retail space that was developed in the late 2000s. More recently, the Half Mile North project. Half Mile North was redeveloped from old warehouses into a technology hub with tenants such as SIB, Blue Acorn, and Integral Solutions. In addition, Half Mile North includes Edmunds Oast Restaurant and Brew Pub, and Butcher and Bee cafe and deli. Other new developments in the area include 930 North Morrison (930 NoMo) which is a 430-bed multi-story upscale apartment community targeted as student housing, redevelopment of 960 Morrison which is an approximate 23, 000 sf office building, and redevelopment of the Cigar Factory which consists of 150, 000 sf of office space and 50, 000 sf of retail space. In addition to Edmunds Oast, and Butcher and Bee, the area has also seen a resurgence in restaurants, bars and microbreweries including Taco Boy, Revelry Brewing Company, The American, Home Team Barbeque, John Lewis' Barbeque, Tattooed Moose, Santi's and Rutledge Cab Co.Planned developments for the area include the Charleston Digital Corridor's Flagship 3 building which will be located at the corner of Morrison Drive and Conroy Street in close proximity to the property. The building is planned to be a 5-story, 63, 000 sf building that is targeted to house start-up, intermediate and growth stage tech companies. This property is zoned UP (Upper Peninsula) in the City of Charleston. It is a 0.59 acre parcel currently developed with an approximate 12, 000sf warehouse. The warehouse is approximately 24 feet clear on the interior with a loading dock and a drive in door. This property is ideal for redevelopment.
Miscellaneous* Excluded Features
Commercial Loading Dock(s)
List By Palmetto Commercial Prop, Llc
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Commerical listings in Charleston, SC
Average List Price $1,952,097
Percent of Sale Price 48 %
About Charleston, SC
28 % Since 2002
$ 54,040 Median Income
34.75 Median Age
22 % Households with Children
|11/1/2018||$3,750,000|| 31.58 %|| Price Up|
|7/19/2017||$2,850,000|| -10.80 %|| Price Down|
|7/19/2017||$3,195,000|| 12.11 %|| Price Up|
|12/15/2016||$2,850,000|| ||Listed Price|