534 King Street - Ground Lease

Retail-Commercial for Lease
Lease Pending
Catylist Listing ID: 30365274
Property Subtypes: Free-Standing Building, Other
Status: Pending
Contiguous Space: 7,400 SF
Gross Building Area: See Agent
Lease Rate: $400,000 (Annual)
$54.05 PSF (Annual)
Base Monthly Rent: $33,333
Lease Types: Ground Lease
In Opportunity Zone? Yes
Last Updated: 9/27/2019

Overview / Comments

Free-standing building on the prominent corner of King and Woolfe Street. Adjacent to the Midtown Development with Hyatt Place and Hyatt House Hotel. Redevelopment opportunity for retail/mixed-use/hotel. Rare free-standing building on site for lease. Property leased "As Is." Building may meet BAR standards for demolition.
- Ground lease on ±0.31 AC
- Excellent redevelopment opportunity
- Prime location on the booming Upper King Street
- Considered to be "Walker's Paradise" with a 96% Walk Score
- Zoning: General Commercial
- Within the Accommodations Overlay

Expand All Available Space

Suite: Entire 7,400 SF $400,000 (Annual) Ground Lease
Status: Pending
Space Available: 7,400 SF
Lease Rate: $400,000 (Annual)
$54.05 PSF (Annual)
$33,333 (Monthly)
Lease Type: Ground Lease
Date Available: 1/7/2019
Space Type: New

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-08-04-063
Year Built: 1950

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,276 57,192 138,585
Median Age: 29.23 34.17 36.61
Households: 9,303 24,188 57,943

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