345 King St - Storefront Retail/Office FOR SALE


Charleston, SC 29401
$3,400,000 USD
843-670-5727
345 King St, Charleston, SC for Sale
$3,400,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 5% Cap Rate

345 King St
Charleston, SC 29401


OVERVIEW

Charleston Commercial, on behalf of ownership, is pleased to exclusively offer the 345 King Street to qualified Buyers. The offering includes a Single Tenant Modified Gross Lease Property located in the heart of the retail district of King Street. The two story property is leased to Kenny Flowers, which is an upscale tropical clothing and lifestyle brand that is all about embracing the feeling of vacation, every day The two story property serves as ground floor retail/ showroom space for the brand, with the second floor serving as an event space, equipped with a bar and patio. The retail lease features a three year base term with options and annual escalations. Located along King Street, amongst luxury retail, hotels, and world class restaurants, the property features a credit retailer with below market rate. This highly sought after location creates high barriers to entry, and near impossible to replicate, making 345 King Street a great opportunity for an investor looking for a long term hold, or an exchange buyer interested in an insulated trophy property.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$896 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

Commercial

APN/PARCEL ID

457-04-02-035

ASK ABOUT THIS PROPERTY

Joshua SchaapKW CommercialMore Info
843-670-5727

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Joshua SchaapKW CommercialMore Info
843-670-5727

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