231 King Street

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30380269
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 5,315 SF
Gross Land Area: 5,805 SF
Sale Price: $4,500,000
Unit Price: $846.66 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/13/2019

Overview / Comments

*ON SITE PARKING*

THE PROPERTY CONSISTS OF THE ORIGINAL 3 STORY BUILDING WHICH SITS ALONG KING STREET WITH A LATER ADDITION TO THE FIRST FLOOR RETAIL SPACE. THERE ARE 8 PARKING SPACES BEHIND THE BUILIDNG THAT ARE INCLUDED IN THE SALE ALONG WITH 50% OWNERSHIP OF AN ADJACENT PARKING LOT. THE FIRST FLOOR IS OCCUPIED BY A CLOTHING RETAILER AND THE SECOND AND THIRD FLOORS HAVE PRIMARILY BEEN USED AS OFFICES. ALL THREE STORIES OF THE ORIGINAL BUILDING HAVE MULTIPLE WINDOWS FACING KING STREET PROVIDING AN ABUNDANCE OF NATURAL LIGHT. THE BUILDING IS DIRECTLY ACROSS FROM THE SHOPS AT CHARLESTON PLACE AND LOUIS VUITTON MAKING IT ONE OF THE MOST DESIRABLE RETAIL LOCATIONS IN CHARLESTON.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 457-08-01-062
Zoning: GB - General Business
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Visibility: Excellent
Largest Nearby Street: King Street
Site Description: Total land area is 5,805 SF. Parking in the rear accessed by Market Street parking lot and easement co-owned with a third party.
Area Description: Property is located in the heart of the Charleston Historic District and is surrounded by national and local retailers, hotels, restaurants and residential.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 3
Property Condition: Good
Year Built: 1900
Year Renovated: 2009
Roof Type: Flat
Construction/Siding: Block
Exterior Description: One story concrete block building with stucco and masonry exterior and a 3 story masonry building with stucco exterior.
Total Parking Spaces: 8
Parking Type: Surface
Parking Description: Surface
Interior Description: First floor is occupied by a clothing retailer. Second and third floors are used as offices.
Zoning Description: GB- General Business with accommodations overlay
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,399 57,670 135,018
Median Age: 28.99 34.36 36.73
Households: 7,630 24,108 56,560

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