78 Society St, Charleston, SC 29401

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1 78 Society St. - Short Term Rental / Commercial 78 Society St, Charleston, SC Listing ID: Status: Active Property Type: Multi-Family For Sale Multi-Family Type: Duplex/Fourplex Size: 2,976 SF Sale Price: $2,850,000 Unit Price: $950,000 Per Unit Sale Terms: Cash to Seller Overview/Comments A rare opportunity for short-term rentals, commercial uses, residential uses, or mixed-uses with off-street parking in this historic brick Ansonborough home. 78 Society is zoned General Business, lies in the Accommodations Overlay, is in the X-Flood Zone (no flood insurance), has 3-4 off-street parking spaces (two in the secured 76 Society garage next door) and a basement (not included in the building square footage). All of this in a beautiful brick home with 4 bedrooms, 3.5 baths, double piazzas, original fireplaces, and a secluded courtyard. With two meters and General Business zoning, the buyer of this property will have the opportunity to use this property for live/work, multi-family, short term rentals, or a broad range of commercial uses. Located half a block off King Street, 78 Society is walking distance to wonderful shopping, restaurants, the battery, and all historic Charleston has to offer. As you'll see from the attached floor plan, it's possible to subdivide this property into three separate units allowing a combination of short term rentals (VRBO and AirBnB), long term rental, and/or your personal residence or business. Let's explore the possibilities. More Information Online QR Code Scan this image with your mobile device: General Information Tax ID/APN: Multi-Family Type: Duplex/Fourplex Zoning: GB - General Business Property Use Type: Vacant/Owner-User Total Number of Units: 3 Building/Unit Size (RSF): 2,976 SF Land Area: 0.10 Acres Sale Terms: Cash to Seller Cap Rate: 5.4% Occupancy Percent Occupied: 0% Area & Location Property Located Between: King and Meeting, on Society St. Area Description Located in the King Street Design District, 78 Society is easily walkable to countless hotels, restaurants, shops, parks and more. Building Related Total Number of Buildings: 1 Property Condition: Excellent Number of Stories: 2 Year Built: 1908 Construction/Siding: Brick Parking Type: Structure, Surface Total Parking Spaces: 4 Passenger Elevators: 0 Page 1

2 Freight Elevators: 0 Sprinklers: None Heat Source: Central Parking Description 2 off-street parking spaces, plus 2 secured garage spaces (see attached easement) in the 76 Society parking garage next door. 78 Society has private access to this parking garage. Interior Description Interior set up for the former Stella Nova Salon. Architectural drawings are available showing the former use and the proposed configuration as 2 or 3 mixed uses. Land Related Water Service: Sewer Type: Municipal Municipal Zoning Description The General Business, GB District allows a broad range of commercial uses and activities. It is the most intensive commercial zoning district. Prohibited uses include junk and salvage yards, storage yards (except for vehicles and boats)automotive repair shops, gasoline service stations, veterinary clinics, and stables are permitted only as special exceptions subject to the approval of the Board of Zoning Appeals. The Accommodations Overlay Zone identifies properties in Charleston where accommodations uses (commercial uses providing living or sleeping units where the intended duration of occupancy would not exceed 29 consecutive days see full definition in Sec of the zoning ordinance) may be permitted by the BZA-Z as a zoning special exception if the Board determines that requirements of Sec of the zoning ordinance are satisfied. Easements Description Property includes a Parking Easement (See attachments) allowing for 2 additional parking spaces at the adjoining property (76 Society). These parking spaces are located in the secured parking garage and includes access to/from the garage at the rear of 76 Society. Location Address: 78 Society St, Charleston, SC County: Charleston MSA: Submarket: Charleston-North Charleston 51 - Peninsula Chas. inside of crosstown Page 2

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15 _DSC6737 _DSC6735 _DSC6725 Property Contacts Patrick H Bell Carolina One Real Estate [M] [O] Patrick.Bell@CarolinaOne.com Page 15 Copyright South Carolina Statewide Commercial MLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

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