Description

198 E. Bay is located in the heart of the Downtown Historic District next door to the Customs House. Just steps away from fine dining and first class accommodations, this elite location provides one-of-a- kind environment. Class A office space currently making up the 2nd and 3rd floors of the building, offer themselves as a possible conversion to residential. The second and third floors make up approximately 71% of the POA. The property can be purchased in total or can be split between floors. Total purchase price for both floors is $4,000,000 or $2,100,000 per floor.The property is currently owner occupied on the second floor and the rear portion of the 3rd floor. The front portion of the 3rd floor is leased until June of 2025. The owner is open to a potential lease-back. Certain furniture and electronics can be purchased outside of the sale of real estate. Parking passes are available for transfer/purchase in the Cumberland Parking Garage and surrounding surface lots. 198 East Bay St. has been immaculately built out, featuring reuse and renovation of original wood floors, beams, ceilings, columns and re-pointed brick work. Historic renovation meets modern finishes with fully enclosed glass offices and conference room. The second floor features a beautiful kitchen build out with huge island. Ideal for team meetings and hosting events. The third floor provides spacious private offices, expose wood ceilings and modern kitchen/break area. The floors are provided access by an elevator and two interior stair cases. The property also lends itself to be potentially converted and redeveloped for residential use.