154 King Street

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30004006
Property Subtypes: Mixed Use, Office Building, Other
Building Size (RSF): 4,008 SF
Gross Building Area: See Agent
Sale Price: $2,500,000
Unit Price: $623.75 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 4,008 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/17/2018

Overview / Comments

154 King Street is a three story 4,008 SF historic building comprised of retail and office space. The first floor is 1,206 SF and currently occupied by a retailer, Julep. Tenant will remain in place for duration of their lease providing cash flow to future Buyer. The second and third floors are each 1,401 SF and currently used as office space for two law firms. The law firms will vacate upon sale. The second and third floors were formerly used as residential and could be easily converted back as the space offers high ceilings, hardwood floors, full kitchen, full bathroom and a half bathroom.

This property is part of the 154 King Street Horizontal Property Regime. The sale includes TMS# 457-08-04-154 (first floor) and TMS# 457-08-04-155 (second and third floor). The free standing kitchen house to the rear of the main building does not convey with the sale of this property (TMS# 457-08-04-156).

Directions:
From Calhoun Street, go south on King Street. Building is located on your left just before Queen Street.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Taxing Authority: Charleston
Tax ID/APN: 457-08-04-54/155
Zoning: GB - General Business
Property Visibility: Excellent
Area Description: Historic downtown Charleston.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1880
Zoning Description: General Business
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,814 59,972 128,050
Median Age: 29.18 34.58 36.8
Households: 5,963 25,065 54,507

Contact

Photograph of Listing Agent

Henry B Fishburne, Jr

Lee & Associates - Charleston SCCMLS Member
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