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: 11/15/2022

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.

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

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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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