522 KING ST
Retail-Commercial
for Sale
| Catylist Listing ID: |
30463181 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
5,000 SF
|
| Gross Land Area: |
0.08 Acres
|
| Sale Price: |
$3,590,000 |
| Unit Price: |
$718 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Building Name: |
Renovated retail and office building in the heart of Upper King |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/11/2020 |
Overview / Comments
Renovated retail and office building in the heart of Upper King Street with parking! King Street is the place to be for shopping, dining, night-life and accommodations. Nearby businesses include Hyatt Place, Starbucks, West Elm, Indaco, Orvis, The Ordinary, Holiday Inn, Woolfe St. Playhouse, Music Farm, Benny's Pizza, Vintage, King St. Distillery, Prohibition, and Callie's Hot Little Biscuit to name a few.
The first floor is retail space that is currently available for lease. The second floor is high-end office space leased to the same occupant for over 5 years. This is a rare opportunity for a retail business to purchase a building on King Street with solid rental income in place.
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Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
51 - Peninsula Chas. inside of crosstown |
| Tax ID/APN: |
460-12-02-010 |
| Zoning: |
GB - General Business |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Located Between: |
Reid St. and Woolfe St. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
King St |
| Site Description: |
King Street frontage and a 4' pedestrian easement to Reid St. |
| Area Description: |
Upper King Street |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
2,500 SF |
| Property Condition: |
Good |
| Year Built: |
1900 |
| Year Renovated: |
2014 |
| Total Parking Spaces: |
3 |
| Parking Type: |
Surface |
| Parking Description: |
Rear parking lot |
| Zoning Description: |
General Business (GB) District allows a broad range of commercial uses and activities. It is the most intensive commercial zoning district. Prohibited uses include junk and salvage yards, storage yards (except for vehicles and boats)Automotive repair shops, gasoline service stations, veterinary clinics, and stables are permitted only as special exceptions subject to the approval of the Board of Zoning Appeals.
Old City Height Districts
Accommodations Overlay
Old and Historic District
Amusement & Recreation Overlay
Short Term Rentals Overlay
Information provided from City of Charleston Interactive Zoning Map. Buyer to verify zoning. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Ingress/Egress |
| Easements Description: |
Rear pedestrian access easement to Reid St. |
| Legal Description: |
See Deed |
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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