645 E Bay St, Charleston, SC 29403

$1,299,000

Property Description

Well-located lot at the base of the Ravenel bridge (between Mt. Pleasant and on the way to the Historic Charleston Business district). The property is adjacent to the new multifamily development, 655 Easy Bay & has the highest density zoning that The City of Charleston currently offers, only restricted by the buildings height. E Bay St is one of the main corridors to historic Downtown Charleston and sports 21,400 VPD. The property is cleared with no current leases or other obligations on the site. The parcel is zoned in the Mixed Use 1, Workforce Housing District. The MU-1/WF is the city’s densest zoning category and thus it allows high density residential development only limited by height – in this location a 5 story height limit for the bulk of the property on the E Bay side and a 2 ½ - 3 story limit for the rear portion. This district is incentive based and is intended to encourage high density residential development with affordable housing units and commercial uses. This district permits the same commercial uses as the Limited Business district. The hours of operation for most permitted commercial uses are restricted to between 7 a.m. and 11 p.m.

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Listing courtesy of Listing Agent: () from Listing Office: .