King Street Retail - Gelato Shop

Retail-Commercial for Lease
Catylist Listing ID: 30601411
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Contiguous Space: 495 - 990 SF
Building Size (RSF): 990 SF
Gross Land Area: 0.01 Acres
Lease Rate: $72 PSF (Annual)
Base Monthly Rent: $5,940
Lease Types: NN
Building Name: Freddo Gelato
Usable Size (USF): 990 SF
Last Updated: 8/6/2020

Overview / Comments

Two story retail ideally positioned between Beaufain and Market Streets along picturesque King Street, this unique retail space offers convenient access to all that downtown Charleston has to offer. Nearby retailers include Starbucks, Louis Vuitton, Kate Spade, Sunglass Hut, The Shops at Charleston Place Hotel, Tommy Bahama, Old Towne Grill & Seafood, and the infamous Riviera Theatre, among many others.

Additionally, this location is just a short walk to the SC Ports authority which has thousands of cruise ship visitors. Every year since 2003, roughly 225,000 visitors enter the city streets through the downtown cruise terminal. Nearly 7.3 million visitors flocked to the Charleston region in 2019, or about 6 percent more than 2017, pushing the total economic impact of tourism past a record $8 billion, a new report shows.

239 1/2 King Street is currently home to Freddo Gelato which is a high-end take-out dessert shop serving Artisanal Gelato, Milkshakes & Smoothies. In addition to restaurant use, this space would also work well for a high-end jeweler, fragrance retailer or a specialty boutique.

Expand All Available Space

Suite: 239 1/2 990 SF $72 PSF (Annual) NN
Space Available: 990 SF
Minimum Divisible: 495 SF
Lease Rate: $72 PSF (Annual)
$5,940 (Monthly)
Lease Type: NN
Space Subcategory: Free-Standing Store, Fashion/Specialty
Date Available: 5/1/2020
Lease Term: 84 Months
Space Type: Relet
Offices 1
Tax Expenses $8.05 PSF (Annual)
Operating Expenses $4.19 PSF (Annual)
Rent Escalators Percentage Lease
Rent Escalators Description 3%

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: Charleston County
Tax ID/APN: 457-08-01-057
Zoning: GB - General Business
Retail Clientele: General, Business
Property Located Between: Beaufain & Market Streets
Property Visibility: Excellent
Largest Nearby Street: Market Street
Highway Access: Less than a 10 minute drive to I-26
Airports: 25 minutes to Charleston International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 495 SF
Property Condition: Good
Year Built: 1900
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: 2 story Brick building with historic ironwork that decorate the second floor windows.
Parking Description: Monthly Parking permits are available nearby for employees. Plenty of metered parking along King Street.
Heat Type: Electricity
Air Conditioning: Package Unit
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,399 57,670 135,018
Median Age: 28.99 34.36 36.73
Households: 7,630 24,108 56,560

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