Everything you hear about the bad economy doesn’t always apply in niche markets like certain pockets of downtown Charleston. Of course, people who paid asking price in 2007 for a house that wasn’t all that great, are stuck. Despite that there are still many opportunities to make money and invest in some really unique property in the Elliotborough, Cannonborough, West Side, North Central and Wagener Terrace Neighborhoods. It’s important to either know the neighborhood or work with an agent who does, but some indications will be as plain as the nose on your face. Here are some examples:
On upper Rutledge Avenue in Downtown (north of the crosstown) Charleston Sc the Hampton Park Terrace Neighborhood sees a major improvement with the change over from ghetto grocery store to high end office space including the addition of a two story steel building approximately 12000 square feet in size slated to house one of Charleston’s most important non profits.
On Cannon St. in Charleston’s Elliotborough Cannonborough neighborhood homes in walking distance to the always expanding medical university of South Carolina become prized possesions, like this one which was purchased by MUSC’s head of International Optometry last summer. The peel away paint job, which strips away the layers of 100 plus years of paint, will restore the ornate vistorian facade to it’s former granduer.