989 Morrison Dr Charleston, SC $ 3,750,000
989 Morrison Dr
$ 3,750,000

989 Morrison Dr Charleston, SC, 29403

$ 3,750,000
Bedrooms Baths0.0

Monthly Estimate*

$ 14,539

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989 Morrison Dr, Charleston, SC 29403 - Image 1

Commercial Property for sale in Charleston, SC

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.

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Commercial Active

Price

$ 3,750,000

Property Type

Commercial

Style

Retail

Lot Size

0.590 Acre(s)

Town/City

Charleston

County/Region

Charleston

MLS | Web ID

29926760

Features
Miscellaneous
Commercial Loading Dock(s)
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* Excluded Features
List By

Listing Agent

Palmetto Commercial Prop, Llc

Broker


Affordability

$ 14,539 per month
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Monthly Principal & Interest
$14,539
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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Nearby
Pricing History
DatePricePrice ChangeDescription
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

Map


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989 Morrison Dr, Charleston, SC, 29403 is a Commercial Property for sale at $3,750,000 with a lot size of 0.590 Acre(s). 989 Morrison Dr has 0.0 baths. The property's zip code is 29403 which is in Charleston, SC