Address
289 King St Charleston, SC
Price
$ 3,234,750
Property Attributes
  • MLS#30539393
  • TypeCommercial
  • CountyCHARLESTON
  • CityCharleston
  • Zip29401
  • Style
  • Price$ 3,234,750
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
King and Society Real Estate
Data Source:
Charleston Trident
Property Description

Rare Value-Add Multifamily Opportunity on King Street in Downtown Charleston. This grand, iconic structure is an extremely well located 11 unit apartment building on the nationally-recognized King Street retail, hospitality, and restaurant corridor in downtown Charleston. Just steps away from the College of Charleston's 12,000 students and the Medical University of South Carolina, this prominent building features 11 apartments (19 bedrooms) and is located on the western side of King Street at the intersection of Society Street. The properties are part of a master regime which includes the ground floor retail space on King Street, which is not included in this offering. Push rents through strategic unit upgrades or renovate to luxury condominiums for an upside opportunity. Good opportunity for furnished corporate monthly rentals. Preliminary Approval for architectural plans in hand which add 1,800 sf, 4 additional bedrooms, and a penthouse suite with rooftop deck. Check with agent for approvals. Listing Agency's owners have ownership interest in the property. Offering Memorandum with floor plans, architectural plans available upon request

Price History
10/20/2020 Listed $3,387,500
3/18/2021 5% - $3,234,750

General Features

Property Sub Type Mid-Rise, Mixed Use
Property Type Multi-Family

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 29401

Price
AVG $2.57M
$3.23M
Visits
AVG 90
96
Walkscore
AVG 89
97
Data Provided by Walkscore ® not using MLS data

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