112 Rutledge Ave - Office/Residential FOR SALE


Charleston, SC 29401- Harleston Village
$2,895,000 USD
843-860-5311
112 Rutledge Ave, Charleston, SC for Sale
$2,895,000 USD
Office/Residential - FOR SALE
1/20
null | Request Cap Rate

112 Rutledge Ave
Charleston, SC 29401
Harleston Village


HIGHLIGHTS

  • Medical office plus three residential units in a highly desirable Charleston neighborhood.
  • Ground-floor space leased through December 2029, providing reliable cash flow.
  • Rare downtown parking, with spaces allocated to both medical and residential tenants.
  • Near CofC, MUSC, shopping, restaurants, and downtown attractions.
  • Stable in-place income, future upside, and one available renovated unit.

OVERVIEW

112 Rutledge Avenue presents a rare opportunity to acquire a beautifully renovated, mixed-use investment property in the heart of Harleston Village. Positioned in one of Charleston's most sought-after neighborhoods, this asset offers a strong blend of stable income and future upside. The ground-floor medical office space is secured by a long-term lease through December 2029 at attractive market rates, providing consistent and reliable cash flow. Above, the second and third floors feature three residential units totaling nine bedrooms and four bathrooms. The residential component is nearly fully leased, with one recently renovated unit (Unit D) currently available--ideal for an owner-occupant or to be leased at market rates to further enhance income. The property also benefits from ten (10) dedicated parking spaces, a highly desirable amenity in this area. Six spaces are leased to the medical office tenant, while the remaining four are allocated to the residential units, generating additional rental income. Excellent Downtown Charleston location in the Historic District and adjacent to the hospital district, walking distance to the College of Charleston, Medical University of South Carolina and many retail sites. With recent renovations, strong in-place income, and the flexibility of a vacant unit, 112 Rutledge Avenue offers investors a compelling, turnkey opportunity in a premier location. Please refer to the attached brochure for detailed unit sizes and floor plans. TMS #: 457-03-02-120, 457-03-02-162, 457-03-02-163, 457-03-02-165, 457-03-02-165. Broker Richard Morse is also the owner.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi Family with Medical Office For Sale

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

STR

APN/PARCEL ID

457-03-02-162

ASK ABOUT THIS PROPERTY

Richard MorsePalmetto Commercial Properties, LLCMore Info
843-860-5311

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Richard MorsePalmetto Commercial Properties, LLCMore Info
843-860-5311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.