221 Rutledge Ave - Retail FOR SALE


Charleston, SC 29403- Cannonborough-Elliottborough
$8,490,000 USD
843-994-7198
221 Rutledge Ave, Charleston, SC for Sale
$8,490,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

221 Rutledge Ave
Charleston, SC 29403
Cannonborough-Elliottborough


HIGHLIGHTS

  • Short Term Rentals
  • 100% Leased
  • Prime corner lot
  • Close to MUSC, CofC and King St

OVERVIEW

Incredible mixed-use investment opportunity in bustling downtown Charleston neighborhood. 119 Spring Street offers four first floor retail units and seven upstairs residential units with 14 total bedrooms and 15 off-street parking spaces. Residential units are currently leased as annual rentals but this offers an excellent opportunity to reposition as Short Term Rentals. The property is zoned Limited Business in the City of Charleston and situated within the City's Short-term rental overlay district. The property is currently 100% leased with the commercial units being occupied by a single tenant on a month to month lease. 119 Spring is situated on the busy intersection of Rutledge Ave. and Spring St., surrounded by various neighborhood restaurant and retail uses and in walking distance of MUSC.

FOR SALE DETAILS

PRICE

$8,490,000 USD

PRICE/SF

$708 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

119 Spring St

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

Limited Business

APN/PARCEL ID

460-11-02-011

ASK ABOUT THIS PROPERTY

Tradd VarnerHarbor Commercial Partners, LLCMore Info
843-994-7198

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Tradd VarnerHarbor Commercial Partners, LLCMore Info
843-994-7198

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