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645 E Bay St
Charleston, SC 29403
Land For Sale
·
0.11 AC
Investment Highlights
- Fully entitled site with permits ready for immediate development.
- Approved plans for mixed-use building with office and residential units.
- Walkable to local dining, retail, and waterfront amenities.
- Located in an Opportunity Zone with potential tax benefits.
- Harbor and Ravenel Bridge views from upper levels.
- Includes four dedicated parking spaces (two for office, two for residential).
Executive Summary
This fully entitled development site at 645 East Bay Street presents a rare opportunity in Charleston’s vibrant downtown corridor. Positioned with direct views of the Ravenel Bridge, the property offers a shovel-ready path for constructing a four-story mixed-use building with a first-floor commercial suite and upper-level residential units. The site is located within an Opportunity Zone, providing potential tax advantages for investors and developers.
The approved plans include a first-floor office space, a second-floor condominium, and a two-story penthouse residence with sweeping harbor views and a private rooftop deck. With permits ready and architectural plans completed, this property eliminates extended wait times and reduces development risk. The 0.11-acre parcel allows approximately 4,791 SF of ground coverage and up to three stories of vertical construction per zoning guidelines.
Situated one block from the Cigar Factory redevelopment and near the Union Pier transformation corridor, the property offers excellent visibility, walkability to dining and retail, and proximity to Charleston’s waterfront amenities. This is one of the few remaining opportunities to deliver a boutique mixed-use asset in a premier location.
The approved plans include a first-floor office space, a second-floor condominium, and a two-story penthouse residence with sweeping harbor views and a private rooftop deck. With permits ready and architectural plans completed, this property eliminates extended wait times and reduces development risk. The 0.11-acre parcel allows approximately 4,791 SF of ground coverage and up to three stories of vertical construction per zoning guidelines.
Situated one block from the Cigar Factory redevelopment and near the Union Pier transformation corridor, the property offers excellent visibility, walkability to dining and retail, and proximity to Charleston’s waterfront amenities. This is one of the few remaining opportunities to deliver a boutique mixed-use asset in a premier location.
Property Facts
1 Lot Available
Lot
| Price | $2,010,937 CAD | Lot Size | 0.11 AC |
| Price Per AC | $18,281,242.53 CAD |
| Price | $2,010,937 CAD |
| Price Per AC | $18,281,242.53 CAD |
| Lot Size | 0.11 AC |
Description
The property at 645 East Bay Street in Charleston, SC, is a 0.11-acre site zoned MU-1 within the Old City District and Old City Height District. It is located in an Opportunity Zone and the Amusement and Recreation Zone. The site has approvals for a mixed-use building with commercial and residential components and is positioned along East Bay Street with proximity to the Ravenel Bridge and Union Pier redevelopment area. The parcel is near local dining, retail, and waterfront amenities and includes dedicated parking spaces.
Property Taxes
| Parcel Number | 459-06-04-021 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $33,569 CAD |
Property Taxes
Parcel Number
459-06-04-021
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$33,569 CAD
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