1091 King Street
Special Purpose
for Sale
Also listed as Multi-Family
| Catylist Listing ID: |
30798067 |
| Property Subtypes: |
School/University, Other
|
| Building Size (RSF): |
9,902 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.18 Acres
|
| Sale Price: |
$3,500,000 |
| Property Use Type: |
Investment |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
1.0% |
| Last Updated: |
5/4/2022 |
Overview / Comments
Premier Adaptive Reuse Opportunity on Upper King Street. 1091 King Street presents a variety of redevelopment opportunities otherwise unavailable in downtown Charleston, SC on historic King Street. With a comfortable and safe urban setting walking distance to the incoming Charleston LowLine and easy access to I 26, upper King Street has become the most unique and vibrant corridor in downtown Charleston. This unique property was formerly a school building for South Carolina State University, which provides the perfect layout for a condo/apartment, boutique hotel, or short term rental redevelopment. With approximately X square feet of office space and retail being delivered to Morrison Drive just a few blocks away, an adaptive reuse redevelopment of 1091 King Street into apartments or condominiums provides a rare opportunity to create an urban live/work/play lifestyle for future tenants/owners.
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Additional Details
| Nearest MSA: |
Charleston-North Charleston |
| County: |
Charleston |
| Submarket/Township: |
52 - Peninsula Chas. outside of crosstown |
| Tax ID/APN: |
4631502036 |
| Zoning: |
GB - General Business |
| Property Located Between: |
Simons Street and Romney Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
King Street |
| Site Description: |
• 1091 King Street, Charleston, SC 29403
• TMS 4631502036
• 9902 SF
• .18 acres
|
| Area Description: |
Ideal location on King Street in the heart of the Upper Peninsula, just a short walk to some of Charleston's best restaurants and retail. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1981 |
| Construction/Siding: |
Brick |
| Interior Description: |
Former school building, most recently leased to South Carolina State University. |
| Zoning Description: |
Zoning Overlay – General Business & Short Term Rental Overlay |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,955 |
59,549 |
143,790 |
| Median Age: |
31.94 |
34.61 |
35.88 |
| Households: |
5,246 |
24,709 |
60,321 |
|
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