King St. Cocktail Bar for Sale!

Retail-Commercial for Lease
Catylist Listing ID: 30723061
Property Subtypes: Restaurant, Street Retail
Contiguous Space: 1,332 SF
Building Size (RSF): 1,332 SF
Gross Building Area: See Agent
Lease Rate: $40 PSF (Annual)
Base Monthly Rent: $4,440
Lease Types: NNN
In Opportunity Zone? Yes
Building Name: The Belmont
Usable Size (USF): 1,332 SF
Last Updated: 7/28/2022

Overview / Comments

This is a Lease Assignment & Business Purchase for $600,000
2021 YTD Sales ended stronger than 2019.

All existing FF&E conveys to Buyer. Email for additional information.

Highly profitable cocktail bar located on desirable Upper King St in Charleston, SC Established over 10 years ago with a loyal following and plenty of national press for its outstanding service. Business can easily be owner operators or absentees. This is a turn-key business with all furniture, fixture, and equipment including. Rare opportunity to take advantage of turnkey business, below-market lease in this location with the 2 am zoning!

The sale is subject to Landlord approval.

Expand All Available Space

Suite: 1st Floor 1,332 SF $40 PSF (Annual) NNN
Space Available: 1,332 SF
Lease Rate: $40 PSF (Annual)
$4,440 (Monthly)
Lease Type: NNN
Space Description: The current build-out is for a highly successful cocktail bar.
Date Available: 6/1/2021
Space Type: Sublet
Kitchen Yes

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 4601202084
Zoning: GB - General Business
Retail Clientele: General, Business, Tourist
Property Located Between: Morris St and Radcliffe St
Property Visibility: Excellent
Largest Nearby Street: King
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,332 SF
Property Condition: Excellent
Year Built: 1920
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Other
Parking Description: Street Parking
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: General Business/Late Night(open 2AM)
Water Service: Municipal
Sewer Type: Municipal

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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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