Considered Valuable to the City and on the National Register , The Presqu'ile House, C. 1802. Originally a fine Charleston residence, this historic home located on Upper East Bay Street currently used as an Office Space and is zoned Limited Business. If converted to a residence or mixed use property the home or condo could boast 3 or 4 bedrooms and has room to add at least 2 additional full bathrooms. The home consists of 2 wings: one built C. 1802 and a second built C. 1840. Historic details of the home include fine Adam style woodwork, arched windows, a 2-story piazza extending along 3 sides, and a flying staircase that has been described as ‘’one of the most beautiful in Charleston.’’ The potential for this historic gem could include mixed use, residential and a myriad of commercial uses including exclusive office space, elegant venue/event space, or restaurant space. Verify use with zoning office. There are 2 meters on the building and ample parking. Historic Charleston Foundation Easement exists on the property. Per the easement covenants and restrictions, the property is currently approved to be used for limited business office space purposes. Any other use would require approval by Historic Charleston Foundation in addition to the City of Charleston.
| Area | Peninsula Charleston Inside of Crosstown |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29403 |
| Date Modified | 2018-05-17T19:51:30 |
| Property Status | Existing |
| Status | Active |
| Title | Historic Presqu'ile House, C. 1802 zoned limited business |
Listed by: Handsome Properties, Inc. | 843-727-6460
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.
