Upper King Street Building for Sale with 22 On-Site Parking Spaces

Retail-Commercial for Sale
Catylist Listing ID: 30294081
Property Subtypes: Restaurant, Street Retail, Other
Building Size (RSF): 10,245 SF
Gross Building Area: See Agent
Sale Price: $8,900,000
Unit Price: $868.72 PSF
Ceiling: 21 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/3/2019

Overview / Comments

The building was completely renovated in 2014 for Charleston’s first high-end micro distillery, which is relocating to a larger facility nearby. Features include: 22 onsite parking spaces in the rear, a unique copper clad store front, ±66 feet of King Street frontage, 21 foot wood ceilings, all new M.E.P, New insulated 20 year TPO roof membrane, fire sprinkler system and a roll up door in the rear for easy deliveries. The ±2,000/sf second floor features a high-end historical feel and can be separated from the ground floor space and leased out as office, Airbnb or an apartment.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-12-02-086
Zoning: GB - General Business
Property Visibility: Excellent
Feet of Frontage: 66
Site Description: Building is located across the street from West Elm and Free People.
Area Description: Upper King Street is a unique, bustling section of Charleston with numerous local restaurants, boutiques and offices along with several new high-end hotels. Upper King has recently experienced a surge of new construction and rehabilitation projects, making this a high demand, heavy foot traffic area. The vibrancy of this area with its mix of dining, offices, apartments, hotels, shopping & bordered by residential neighborhoods allows one to “live, work and play” in an urban environment.
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 1950
Year Renovated: 2014
Exterior Description: Brick
Total Parking Spaces: 22
Parking Type: Surface
Sprinklers: Wet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,173 57,192 137,010
Median Age: 29.15 34.17 36.54
Households: 9,718 24,188 57,250


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