289-291 King St - Apartments FOR SALE


Charleston, SC 29401- Charleston City Market
$5,000,000 USD
301-538-3540
289-291 King St, Charleston, SC for Sale
$5,000,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

289-291 King St
Charleston, SC 29401
Charleston City Market


HIGHLIGHTS

  • Historic Building, 99 Walk Score
  • College of Charleston Population os roughly 12,000 and Medical University of South Carolina is roughly 4,000
  • Potential to add +1,800 SF and 4 Bedrooms and the Potential Increase Rents

OVERVIEW

Lee & Associates and The Exchange Co are proud to present 289-291 King Street, an iconic 11-Unit Apartment Building in the heart of downtown Charleston. Steps from the College of Charleston and MUSC, this well-located property offers a rare chance to own multifamily along Charleston's premier retail and hospitality corridor. Offering a mix of lofts, one-bedroom, and two-bedroom units, and surrounded by world-class dining, shopping, and culture, this is a trophy asset in one of the Southeast's most sought-after markets. Situated at the intersection of King Street and Society Street, the apartments are part of a larger master regime that also includes ground floor retail (currently leased to Sephora, and not included in this offering.)

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

11

PRICE/UNIT

$454,545

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MULTI-FAMILY

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

General Business

APN/PARCEL ID

457-04-04-309,457-04-04-310,457-04-04-311,457-04-04-312,457-04-04-313,457-04-04-314,457-04-04-315,457-04-04-316,457-04-04-317,457-04-04-318,457-04-04-319

ASK ABOUT THIS PROPERTY

Justin RossLee & AssociatesMore Info
301-538-3540

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Justin RossLee & AssociatesMore Info
301-538-3540

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