Mixed Use//Multifamily/Hospitality Triplex Building For Sale -King St

Multi-Family for Sale
Also listed as Retail-Commercial, Hospitality
Catylist Listing ID: 30589581
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 3 Units
Building Size (RSF): 4,947 SF
Gross Land Area: 0.05 Acres
Sale Price: $2,795,000
Unit Price: $931,666.67 Per Unit
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/11/2021

Overview / Comments

Reduced to Sell- Mixed Use//Multi-Family/Hospitality/Triplex/General Business zoned Building is For Sale located in highly recognized King Street corridor. This outstanding Modern Architecture building is located in the heart of downtown Charleston. The property features three levels of amazing King Street frontage with its own private entry for first floor Restaurant and second private entry for Commercial Office space on the second floor. Units A,B&C generate significant ROI revenues for a future owner. Unit B&C upstairs of the main entry have their own address and mail box on King Street at ground level and a private security gated system with interior stairwell to second and third floor. The units upstairs have large windows and lots of natural light overlooking the view of famous King Street hottest location. Flooring is smooth concrete and carpeted in upstairs units. Unit B includes a small galley kitchen with refrigerator, sink and cabinets break room /apartment Kitchen area. Top two units can be Luxury Apartments or can be Class A Office offers a large open space with plenty of room. This space can also accommodate all your office needs with a large board room area for meetings and plenty of seating and open work stations. Unit B is equipped with a Galley Kitchen, Large bathroom with private shower and closet. Top floor - Unit C is a Penthouse apartment with open patio overlooking the new Bennett Hotel and many other architectural and stately buildings near by. This three story property is unique in its “Business Use” and has the ability to generate income on many levels. Located in one of the most highly desirable neighborhoods for /business/pleasure. Walking distance to all Charleston has to offer. Call the listing agent today for a Tour and Income reports. All units are currently rented.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 460-12-02-090
Zoning: GB - General Business
Percent Occupied: 100%
Property Located Between: King Street - between Morris and Radcliffe
Airports: CHS
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 2008
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Architectural with large outdoor balcony with views of the downtown cityscapes on third floor
Parking Type: Other
Parking Description: No parking conveys with Building but spaces can be rented monthly in other parking lots
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Classic Architectural
Zoning Description: General Business Zone GB
Lot Frontage: See site plans attached
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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