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$7,000,000

Beds
13
sq ft
4,929

95 Line St, Charleston, SC 29403

95 Line St

Charleston, SC 29403

  • 339 days on market
This mix of in-service STR units and prospective development allows for the creation of a comprehensive infill project comprising five potential buildings, situated across consecutive street frontages (95,97,99 Line), and offering a harmonious blend of residential and commercial spaces. The noteworthy 95 Line Street emerges as the centerpiece as it is 100% completed and strategically occupying the prominent corner of Line and Coming Street. The 95 Line Street structure, a commendable feat of design, proudly boasts its commercial zoning and serves as a captivating mixed-use edifice. Rooted in its historical context, the structure showcases a meticulous restoration that faithfully pays homage to the original Germanic storefront, dating back the year 1867.Within 95 you will find a well-crafted four-unit historic establishment, a splendid juxtaposition of past charm and contemporary functionality is harmoniously realized. At present, three of these units serve as licensed short-term rental accommodations, duly operational and readily serving it's discerning clientele. The fourth unit, a versatile mercantile space, adds an appealing layer of commercial vibrancy to the development. Eminently enhancing the allure of these units, each space bears the signature touch of refinement and elegance, by the gifted minds of interior designers Sarah Glenn Boman and Rebeccah Rumph, of Studio Maman Interiors. Their expertise and ingenuity have thoughtfully enlivened these spaces, creating a captivating ambiance that seamlessly blends form and function. *See attached photos and description courtesy of the management team at Stay Duvet. In summary, this potential five-building infill development, and the established incomes from the STR units of 95 Line Street, have elevate this project to a realm of sophistication and distinction, that promotes a current hospitality and commercial environment ripe for a discerning eye to further expand. *see attached documentation.

Details

Property type

Est. home value

$6,552,219

Lot size

0.23 acres

Price per sq ft

$1,421

Year built

1867

Price History

02/01/2024
CTAR

CTAR #23017239

Listed
$7,000,000
02/01/2024
CTAR

CTAR #23017239

Removed
$7,000,000
07/29/2023
CTAR

CTAR #23017239

Listed
$7,000,000
+471.43%

Schools & Community

Neighborhood: 

Cannonborough/Elliottbororugh

Elementary school: 

Memminger

Middle school: 

Simmons Pinckney

High school: 

Burke

Community features: 

Fitness Center, Park

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

South Atlantic Bank

Loan start date

April 2021

Original loan amount

$2,090,406

Est. remaining balance

Not provided

Interest rate

3.05%

Loan type

Credit Line (Revolving), 5 year

Seller

Old City Builders Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/02/2024 at 7:25 PM

Listing updated: 02/01/2024 at 10:30 AM

Listed by: Harold Kenneth Skidmore Iii, United Real Estate Charleston Phone #: (502) 608-0557

MLS: CTAR #23017239

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