King Street Land For Sale

Vacant Land for Sale
Catylist Listing ID: 30561185
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Vacation/Resort, Other
Gross Land Area: 29,454 SF
Sale Price: $7,000,000
Unit Price: $237.66 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2021

Overview / Comments

This property is the front door to Upper King Street, located at the entrance to the shopping and hospitality district. Comprised of 7 parcels totaling 0.68 acres (29,454 square feet), It is highly visible from the Interstate, Highway 17, and also to pedestrians on King Street.
The site is zoned General Business, permitting a variety of commercial and mixed uses. Three of the parcels are within the Accommodations Overlay (A-1: 50 room max per parcel). All seven parcels are within the Short Term Rentals Overlay. The property is in the Old City Height District allowing up to 6 stories with up to 4 stories high on King Street. Great site for vacation rentals (AirBnb) and hospitality or a number of other uses.
The owner is strongly encouraging participation in The Living Building Challenge, for any development to create healthy, efficient, and ecologically restorative spaces for the community. This program outlines a design framework that promotes the highest standard of sustainability for the built environment.
All offers should include the purchaser's resume and development plan. A conceptual site study has been prepared and is available to qualified buyers.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: Charleston County
Tax ID/APN: 460-04-04-092
Zoning: GB - General Business
Property Located Between: King Street, Line Street, Interstate 26 and Highway 17
Property Visibility: Excellent
Legal Description: 657 King Street 661 King Street 663 King Street Tract B St. Philip Street Lot B St. Philip Street 70 Line St Part 68 Line St
Largest Nearby Street: King Street
Feet of Frontage: 134
Site Description: .68 acre on Upper King Street, Charleston. All 7 parcels are in the Short Term Rentals Overlay. 3 are in the Accommodations overlay.
Area Description: Upper King Street is one of the most dynamic markets in the south east. This location is the front door to the shopping and hospitality district.
Lot Frontage: 134 +
Lot Depth: 225
Zoning Description: General Business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,029 57,959 141,777
Median Age: 28.84 34.25 36.26
Households: 8,888 24,545 59,289


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