Edward Sutton

Realtor
Simply Commercial Real Estate
803-206-5382
Office: 843-225-7007
License #: 96219

Multifamily redevelopment project in the Opportunity Zone. This portfolio of 4 detached buildings is in the Heart of North Charleston, near the old Navy Base. Trifecta of tax incentives, in addition to the Opportunity Zone, it is eligible for the SC Abandoned Buildings Revitalization tax credit and may also be eligible for the Historic Rehabilitation tax credit.Initially constructed during World War I and rebuilt in World War II, St. Peter’s by the Sea church served the Navy Base community for most of a century. This complex includes four buildings on approx .77 acres near the intersection of Spruill and Reynolds Avenue: the main brick church building, approx 3,300 sq.ft., that is dry but needs work. A 4,000 sq.ft. brick rectangular building that needs a new roof and new interior; could also add a second story to this building. A 1,500 sq.ft. remodeled residential structure that was once a church offices, and a 1,500 sq.ft. ready-to-renovate residential structure that is cleaned out down to the studs (could be removed to increase parking).

The centrally located complex is only 8 minutes from downtown and 6 minutes from West Ashley, This property is zoned B1 by the City of North Charleston.