540 King ST Active Save Request In-Person Tour Request Virtual Tour
Charleston,SC 29403
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,613 sqft
Price per Sqft $1,683
MLS Listing ID 31005009
Year Built 2022
Lot Size 2,613 Sqft
Property Sub-Type Retail
Property Description
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. This information has been secured from sources Colony Commercial, LLC believes to be reliable, but Colony Commercial, LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, lease terms, or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Location
State SC
County Charleston
Zoning City of Charleston - GB - General Business