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: 10/26/2020

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. Suite 101 was recently leased. The rear 1,000 SF, Suite 102, 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.

Attachments & Media

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

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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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