344 King St - Storefront Retail/Residential FOR SALE


Charleston, SC 29401
$4,200,000 USD
843-834-1773
344 King St, Charleston, SC for Sale
$4,200,000 USD
Storefront Retail/Residential - FOR SALE
1/24
null | Request Cap Rate

344 King St
Charleston, SC 29401


HIGHLIGHTS

  • Heavy foot traffic. Fantastic retail location. Mixed use. Exceptionally maintained. Great retail and residential tenants. Two STR's

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 Condé 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.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$859 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

344 King Street

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1879

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

Mixed

APN/PARCEL ID

457-04-02-012

ASK ABOUT THIS PROPERTY

Marjorie StephensonDaniel Ravenel Sotheby's International RealtyMore Info
843-834-1773

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Marjorie StephensonDaniel Ravenel Sotheby's International RealtyMore Info
843-834-1773

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