1975 N Hobson Avenue, North Charleston, SC 29405 (MLS# 31005141)

1975 N Hobson Avenue, North Charleston, SC 29405

$6,500,000

Property Type: Commercial Sale Square Footage: 31,875 Status: Pending

Current Price: $6,500,000 List Date: 12/16/2025 Last Modified: 12/16/2025

Overview

Description

The Navy Yard Charleston redevelopment project is an ambitious initiative aimed at transforming a historic naval shipyard into a vibrant mixed-use community. This project is not just about revitalizing a physical space; it represents an opportunity to breathe new life into the area, making it accessible and relevant for future generations. At the heart of this transformation is the Powerhouse, a significant structure that can be renovated into a world-class venue. The design plans for the Powerhouse feature spacious, light-filled areas with soaring truss ceilings, creating an inviting atmosphere for both creators and visitors. The first level could include artist space, production offices, and a bar area, while the second level offers VIP lounges and additional support spaces, all designed to foster creativity and collaboration. Surrounding the Powerhouse, the Three Sisters buildings will be re-purposed to accommodate retail spaces, restaurants, and production studios. This area will s ... (Read more) The Navy Yard Charleston redevelopment project is an ambitious initiative aimed at transforming a historic naval shipyard into a vibrant mixed-use community. This project is not just about revitalizing a physical space; it represents an opportunity to breathe new life into the area, making it accessible and relevant for future generations. At the heart of this transformation is the Powerhouse, a significant structure that can be renovated into a world-class venue. The design plans for the Powerhouse feature spacious, light-filled areas with soaring truss ceilings, creating an inviting atmosphere for both creators and visitors. The first level could include artist space, production offices, and a bar area, while the second level offers VIP lounges and additional support spaces, all designed to foster creativity and collaboration. Surrounding the Powerhouse, the Three Sisters buildings will be re-purposed to accommodate retail spaces, restaurants, and production studios. This area will serve as a dynamic hub for both work and leisure, encouraging community engagement through culinary experiences and artistic endeavors. The master plan outlines approximately 2,750 multifamily units and 525,000 square feet of commercial space over a ten-year period, aiming to knit together various communities within North Charleston. Strategically located near Downtown Charleston and the airport, the Navy Yard Charleston is poised to become a key player in the region's growth. The ongoing construction of the Cosgrove Extension will enhance access to this revitalized area, making it more connected than ever. This project draws inspiration from successful developments like Ponce City Market in Atlanta and seeks to replicate that success by creating a place where residents can live, work, and thrive amidst a rich tapestry of history and modern amenities. The development team behind Navy Yard Charleston—comprised of Jamestown L.P., WECCO, and Weaver Capital Partners—brings extensive experience in crafting pedestrian-oriented urban centers. Their commitment to community engagement is evident through their local office presence and deep-rooted connections within North Charleston. The Navy Yard Charleston is not merely about redevelopment; it embodies a vision for the future—a future where history meets innovation, creating a vibrant community that celebrates its past while looking forward to new possibilities. The Powerhouse plays an integral role in this vision.

Listing Details MLS# 31005141

Location

Street Number: 1975
Street Direction Prefix: N
Street Name: Hobson
Street Suffix: Avenue
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
State or Province: SC
Postal Code: 29405
Parcel Number: 400-00-00-142
Opportunity Zone: Yes

General Information

Property Sub Type: Special Purpose
Secondary Sub-Type: Retail
Tertiary Sub-Type: Office
Listing Name: Redevelopment Opportunity at The Powerhouse at Navy Yard
Property Condition: Existing
Building Area Total: 31875
Lot Acres: 1.95
Property Visibility: Excellent
List Price/Acre: 3333333.33
List Price/SqFt: 203.92
For Comp Purposes Only: No
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2024-12-11
Original List Price: 6500000
Tax Legal Description: Lot A

Building Related

Year Built: 1909

Land Related

In Flood Plain?: Yes

Financials

Tax Assessed Value: 67500

More Information

Status Change Info

Status Change Date: 2025-12-16
Under Contract Date: 2025-12-08
Contingent: Pending
Contingency Reason: Due Diligence

Auction Details

Auction: No

Directions & Remarks

Public Remarks: The Navy Yard Charleston redevelopment project is an ambitious initiative aimed at transforming a historic naval shipyard into a vibrant mixed-use community. This project is not just about revitalizing a physical space; it represents an opportunity to breathe new life into the area, making it accessible and relevant for future generations. At the heart of this transformation is the Powerhouse, a significant structure that can be renovated into a world-class venue. The design plans for the Powerhouse feature spacious, light-filled areas with soaring truss ceilings, creating an inviting atmosphere for both creators and visitors. The first level could include artist space, production offices, and a bar area, while the second level offers VIP lounges and additional support spaces, all designed to foster creativity and collaboration. Surrounding the Powerhouse, the Three Sisters buildings will be re-purposed to accommodate retail spaces, restaurants, and production studios. This area will serve as a dynamic hub for both work and leisure, encouraging community engagement through culinary experiences and artistic endeavors. The master plan outlines approximately 2,750 multifamily units and 525,000 square feet of commercial space over a ten-year period, aiming to knit together various communities within North Charleston. Strategically located near Downtown Charleston and the airport, the Navy Yard Charleston is poised to become a key player in the region's growth. The ongoing construction of the Cosgrove Extension will enhance access to this revitalized area, making it more connected than ever. This project draws inspiration from successful developments like Ponce City Market in Atlanta and seeks to replicate that success by creating a place where residents can live, work, and thrive amidst a rich tapestry of history and modern amenities. The development team behind Navy Yard Charleston—comprised of Jamestown L.P., WECCO, and Weaver Capital Partners—brings extensive experience in crafting pedestrian-oriented urban centers. Their commitment to community engagement is evident through their local office presence and deep-rooted connections within North Charleston. The Navy Yard Charleston is not merely about redevelopment; it embodies a vision for the future—a future where history meets innovation, creating a vibrant community that celebrates its past while looking forward to new possibilities. The Powerhouse plays an integral role in this vision.

Property Sub Type

Office: Yes
Retail: Yes
Special Purpose: Yes

Structure Type

Flex: Yes
Free Standing: Yes
Mixed Use: Yes
Retail: Yes

Parking Type

Surface: Yes

Lot Features

Level: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Property Features

Property Sub Type: Office; Retail; Special Purpose Structure Type: Flex; Free Standing; Mixed Use; Retail Parking Type: Surface Lot Features: Level Road Frontage Type: City Street Road Surface Type: Paved Water Source: Public Sewer: Public Sewer

Documents

Brochure ›

Listing Office: NAI Charleston, LLC

Last Updated: December - 16 - 2025

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