344 King Street
4,890 SF | 100% Leased | Retail Building | Charleston, SC 29401 | $4,200,000 ($859/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,200,000
- Property Type
-
Retail
- Square Feet
- 4,890 SF
- Price / Square Foot
- $859
Listing Contacts
Marjorie Stephenson
Verified Profile
- Property Info
Property Overview
344 King Street is a prime commercial retail and residential listing located just below Calhoun Street, in one of Charleston's most sought-after retail areas. This location is on a bustling block of King Street with high foot traffic. The building features a retail space (1100 sqft) with a triple-net lease already in place with 3% annual rent escalations, ensuring a stable income. It also includes two long-term apartments, both with tenants, and two successful short-term rentals (STRs). A secure, gated alleyway off of King Street allows private access to the retail, residential apartments and Airbnb's and are under video surveillance. The building is in excellent condition, making it a low-maintenance investment. It offers a unique opportunity to own a prestigious property with flexible usage options. The two (2) Airbnb's have been recognized by Condé Nast Traveler as one of the top ten places to stay. These STRs will convey furnished, with beautiful antique pieces included, except for a few exclusions. The courtyard Airbnb features a private courtyard, adding significant appeal. There is potential to expand the square footage by adding another suite above the courtyard Airbnb, as well as the possibility of a 2-story addition within the courtyard footprint.
Property Details
- Class
- B
- Year Built/Renovated
- 1879/2018
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential, Storefront Retail/Office
- Lot Size (sq. ft)
- 3,920 SF
Highlights
- Heavy foot traffic. Fantastic retail location. Mixed use. Exceptionally maintained. Great retail and residential tenants. Two STR's
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