27 State

$4,385,000
MLS#:
17033042
Address:
27 State
Charleston, SC 29401
Price:
$4,385,000
 
 


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Property Information:


Area:
51 - Peninsula Charleston Inside of Crosstown
Acres:
0.08
Middle School:
Simmons Pinckney
High School:
Burke
Status:
Active
Year Built:
1814

Description:


Exterior:
Brick - Solid,Stucco
Remarks:
Income producing property. A landmark corner of Charleston's French Quarter neighborhood within the original walled city, 27 State Street is an excellent investment opportunity. The c. 1814 residential building with first floor commercial space includes the carriage house and kitchen house. The three buildings are now connected around a piazza and a central courtyard with Philip Simmons gates. The current use includes an art gallery, a grand owner's apartment above the gallery, and additional apartments for long term rentals. There are also 2 units that are licensed short term rentals. The combination of rich patina, handsome architectural lines, and the arched and louvered piazza is authentic Charleston. Classified a Category 2 Building in Charleston's Architectural Survey, 27 State is rated ''Excellent...well designed and proportioned'' and of "irreplaceable importance." The design has been described as simple, straightforward elegance made interesting with the West Indies influence. Net operating income ranges from 230,000 to 290,000 and could likely be higher. No preservation easements have been placed on this property. Floor Plans and other information in documents. Owner financing offered.

Map of Property


 
   

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