Birchin Lane Realty Advisors is pleased to exclusively offer this multi- parcel assemblage in the heart of the Historic District of Charleston. The Offering consists of a five-parcel assemblage which covers the entire Cumberland Street frontage between Church and State Streets as well as frontage and access on Linguard Street to the rear. This assemblage has BZA & conceptual BAR approvals for a 50 room hotel with various restaurant, bar, and retail opportunities, along with a 6,000 square foot event space - totaling up to 80,000 square feet of the approved build. The purchase of the entire assemblage is preferred, however, there will be a consideration for splitting the offering into three smaller assemblages with each having the ability to be developed individually or in various combinations together. These smaller assemblages are referenced as Parcel A, B & C. Parcel A: Located at the corner of Cumberland and State Street with frontage and access on Linguard Street as well, this parcel has entitlements in place for a 50-room hotel with ground floor lobby bar, restaurant and event space. All parking requirements have been met with long term leases in the adjacent garage. Approvals obtained are independent to the land area identified as parcel A, leaving the remaining parcels open for a multitude of development opportunities. Parcel B: Frontage on Cumberland Street and also on Linguard Street, this parcel offers a variety of development options including residential apartments/condominiums, office, retail, restaurants or event space. These historic buildings can qualify for significant tax credit opportunities through the SC abandoned building revitalization act. This is one of the last un-developed properties in highly desirable Historic District. Parcel C: Situated at the corner of Cumberland and Church, this parcel has an approximately 4,000 square foot historic building with a restaurant on the first floor, (with full liquor license), second floor office and third floor three bedroom apartment. No off site parking is required for this building as there is an active variance in place. The underlying zoning provides a purchaser with a variety of options for the property.
Peninsula Chas. inside of crosstown
Birchin Lane Realty Advisors, LLC
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