989 Morrison Dr Charleston, SC 29403

$3,195,000
989 Morrison Dr, Charleston, SC 29403
29926760

Commercial Property for sale in Charleston, SC

for $3,195,000. The lot size is 0.590 Acre(s).

Property Information

  • $3,195,000
  • Commercial
  • Retail
  • Active
  • Lot size of 0.590 Acre(s)
  • Charleston, SC
  • Cannonborough Elliotborough Neighborhood
  • Charleston County
  • MLS/Web ID is 29926760

Description

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, Desano's Pizza, 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 1

Commercial

  • Loading Dock(s)

† Excluded Feature

Listed By

Broker: PALMETTO COMMERCIAL PROP, LLC

989 Morrison Dr, Charleston, SC, 29403 is a Commercial Property for sale at $3,195,000 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

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363

Pricing History

Date Price Price Change Description
7/19/2017 $2,850,000 -10.80 % Price Change
7/19/2017 $3,195,000 12.11 % Price Change
12/15/2016 $2,850,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Charleston $779,455 76 % below $415,000 87 % below
Commerical listings in Charleston $1,705,350 47 % below $900,000 72 % below

Get the facts about Charleston, SC!

Population 131,113
Population Growth (since 2000) 28 %
Median Income $54,040
Median Age 34.75
Households w/ Children 22 %

Residential Dwellings

  • Owned 31675
  • Vacant 7048
  • Rented 25318

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363