Viewing Listing MLS# 31003916 | 344 King Street, Charleston SC

$4,200,000 | N/A beds | N/A full baths | N/A half baths | 4,890 sqft

$4,200,000 No Recent Price Change
344 King Street
Charleston, SC 29401
  • $858.90Price per SqFt
  • 4,890SqFt
  • 43Days on Market
  • N/AZoning
  • 1879Year Built
  • RetailUse
  • MLS# 31003916
  • Commercial Sales
  • Retail
  • Active

  • Approx Time on Market1 month, 12 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

344 King Street is a prime commercial retail and residential listing located just below Calhoun Street, in one of Charleston's most sought-after retail areas. This location is on a bustling block of King Street with high foot traffic. The building features a retail space (1100 sqft) with a triple-net lease already in place with 3% annual rent escalations, ensuring a stable income. It also includes two long-term apartments, both with tenants, and two successful short-term rentals (STRs). A secure, gated alleyway off of King Street allows private access to the retail, residential apartments and Airbnb's and are under video surveillance. The building is in excellent condition, making it a low-maintenance investment. It offers a unique opportunity to own a prestigious property with flexible usage options. The two (2) Airbnb's have been recognized by Conde Nast Traveler as one of the top ten places to stay. These STRs will convey furnished, with beautiful antique pieces included, except for a few exclusions. The courtyard Airbnb features a private courtyard, adding significant appeal. There is potential to expand the square footage by adding another suite above the courtyard Airbnb, as well as the possibility of a 2-story addition within the courtyard footprint.



Building Info

Anchored:  No

Year Built:  1879

Financial

Garage / Parking

Parking Type:  Other

Lot Info

County:  Charleston

Land Size:  0.00

Misc

Title:  344 King

Offer Compensation

Property Info

Second Property Subtype:  Multi Family, Retail

Zoning:  City of Charleston - GB - Gen

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Cash, Conventional

Property Type:  A

Original Price:  $4,200,000

Property Use Type:  Commercial, Residential, Retail, Retail - Pad

Class Type:  Retail

Sold Info

Sqft Info

Rentable Area:  4890

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Directions

From Lockwood Drive, turn left onto Calhoun Street, then turn right onto King Street. 344 King Street is on your left before George Street.

Courtesy of listing office Daniel Ravenel Sotheby's International Realty 

Featured Lender

image

Jim Hutto

Beacon Bank

843-990-5517
jim@beacon.bank
https://www.beacon.bank/connect/our-team/commercial-bankers

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On simplycommercial.com since Fri, Jul 26th 2024
No Property History recorded for this listing.
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 09-07-2024 11:02 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 09-07-2024 11:02 PM EST est.

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