207 Rutledge Ave - Storefront Retail/Residential FOR SALE


Charleston, SC 29403- Cannonborough-Elliottborough
$5,850,000 USD
301-525-3237
207 Rutledge Ave, Charleston, SC for Sale
$5,850,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 5.26% Cap Rate

NEW


207 Rutledge Ave
Charleston, SC 29403
Cannonborough-Elliottborough


OVERVIEW

Introducing 207 Rutledge Avenue: a ±6,577 RSF mixed-use property available for sale or lease. The ground floor is currently operated and marketed as a venue space called Rutledge Room, whose trademark, website, IP, and accolades as “Charleston’s Best Event Venue and Wedding Venue” are owned by the current owners. This commercial space is leased to Hamby Catering & Events- through fall 2026, with renewal optional at the incoming owner’s discretion. The space is delivered with top-of-the-line FF&E in place, giving an incoming owner-user the flexibility to step directly into a turn-key restaurant, continue operating as an event space (as Rutledge Room or under a different name), or retain the existing tenant for in-place income. Floors two through four consist of two high-performing, fully permitted short-term rental residences - a 3 bed/3 bath unit and a 5 bed/5 bath unit. As of August 2026, $237,000 of Ownership's STR 2026 Revenue Budget has been booked (82% of budget). The existing FF&E, on all floors, are included in the sale.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/SF

$889 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Commercial

APN/PARCEL ID

460-15-02-079

ASK ABOUT THIS PROPERTY

Brooke AdeeJLLMore Info
301-525-3237

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Brooke AdeeJLLMore Info
301-525-3237

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