Historic 3 story free standing building near the corner of State & Broad Street. 10 State is currently being used as a men's barber spa, which would be turn key for another retail salon user, but may also be utilized for any low impact retail or office use. Owner completely renovated the property for the existing barber tenant, incorporating the historic features into its current use. Converting the space over to retail or office, would only require eliminating the existing trade fixtures, which the Owner will consider accommodating, with an acceptable Lease offer and Tenant. Upon converting to office, it would leave the layout as follows: -1st floor consisting of a large reception area fronting State St., office in the middle of the building, (1) bathroom, and a large kitchen/bar in the rear, along with access to the rear courtyard. -2nd floor consists of 3 offices. -3rd floor consists of 3 offices, (2) showers, (1) bathroom, and laundry area, which could be utilized for storage or small copier room.
| Area | Peninsula Charleston Inside of Crosstown |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29401 |
| Date Modified | 2017-12-17T09:45:23 |
| Property Status | Existing |
| Status | Active |
| Title | Free Standing Building For Lease |
Listed by: Southeastern Management Group, | 843-577-8595
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.
