540 King St - Storefront FOR SALE


Charleston, SC 29403- Cannonborough-Elliottborough
$3,995,000 USD
843-532-5134
540 King St, Charleston, SC for Sale
$3,995,000 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

$3,995,000 USD

PRICE/SF

$646 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

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 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 Notice.