540 King St - Storefront FOR SALE


Charleston, SC 29403- Cannonborough-Elliottborough
$4,400,000 USD
843-532-5134
540 King St, Charleston, SC for Sale
$4,400,000 USD
Storefront - FOR SALE
1/1
null | Request Cap Rate


OVERVIEW

Built from the ground up in 2022, 540 King Street offers investors the unique opportunity to own one of the newest buildings in the very high profile King Street corridor, downtown Charleston’s retail, hospitality, and nightlife epicenter. The property is surrounded by several hotels, restaurants, local and national retailers, offices, and apartment and student housing buildings. A prime mixed use building comprised of retail, office, and short term vacation rental suites. The building is 100% leased, and the vacation rental unit on the third floor is master leased with a percentage rent structure providing stabilized income to the Landlord as well as giving the Landlord the opportunity to share in profit of a high performing vacation rental.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$712 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

540 KING STREET

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,814 SF

ZONING

-

APN/PARCEL ID

460-08-04-062

ASK ABOUT THIS PROPERTY

Tim WeldonColony Commercial Real EstateMore Info
843-532-5134

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Tim WeldonColony Commercial Real EstateMore Info
843-532-5134

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