Coldwell Banker Commercial Atlantic Closes Sale of Historic Eight-Unit Multifamily Compound In Charleston, S.C.
CHARLESTON, S.C. (July 19, 2024) – Coldwell Banker Commercial Atlantic is pleased to announce the $3,675,000 sale of 49 Smith St., an historic eight-unit multifamily compound in Charleston, South Carolina that dates to the 19th century, listed by broker Kristen Krause of Coldwell Banker Commercial Atlantic.
Krause said, “It was a pleasure to represent this European Villa-style residential building, a landmark situated in the coveted downtown community of Harleston Village. The property occupies a prime location, half a block from the famous Wentworth Mansion and surrounded by many historically renovated mansions.”
The front building of 49 Smith St. was built circa 1860, and the rear carriage house was constructed in 1881. The structure boasts an original two-color English Flemish brick exterior with soft white mortar and large windows of hand-poured glass that permit in an abundance of natural light and views of surrounding Cypress trees. The high-quality original construction continues inside with stately custom wood interiors and stairwells.
The current units comprise 7,525 total square feet, as well as 10 bedrooms and 10-and-a-half bathrooms. There is also a large community laundry room, garage and carport space, rare rooftop deck access from the large, two-story carriage house and several veranda patios. This property is within walking distance of Colonial Lake, an abundance of shops, restaurants, hotels, entertainment services, and historic landmarks.
Krause said the property has great ROI potential, with future options such as leasing the existing units, converting them into condos to sell separately, or converting the front and rear buildings back to a single-family home.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Atlantic, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
Media Contact:
Kevin Guhl
Email: kevin.guhl@cbhomeoffice.com
Phone: 973-407-5916
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