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Multi Family with Medical Office For Sale 112 Rutledge Ave 6,369 SF 100% Leased Office Building Charleston, SC 29401 $2,895,000 ($454.55/SF)



Investment Highlights
- Medical office plus three residential units in a highly desirable Charleston neighborhood.
- Rare downtown parking, with spaces allocated to both medical and residential tenants.
- Stable in-place income, future upside, and one available renovated unit.
- Ground-floor space leased through December 2029, providing reliable cash flow.
- Near CofC, MUSC, shopping, restaurants, and downtown attractions.
Executive Summary
112 Rutledge Avenue presents a rare opportunity to acquire a beautifully renovated, mixed-use investment property in the heart of Harleston Village. Positioned in one of Charleston's most sought-after neighborhoods, this asset offers a strong blend of stable income and future upside. The ground-floor medical office space is secured by a long-term lease through December 2029 at attractive market rates, providing consistent and reliable cash flow. Above, the second and third floors feature three residential units totaling nine bedrooms and four bathrooms. The residential component is nearly fully leased, with one recently renovated unit (Unit D) currently available--ideal for an owner-occupant or to be leased at market rates to further enhance income. The property also benefits from ten (10) dedicated parking spaces, a highly desirable amenity in this area. Six spaces are leased to the medical office tenant, while the remaining four are allocated to the residential units, generating additional rental income. Excellent Downtown Charleston location in the Historic District and adjacent to the hospital district, walking distance to the College of Charleston, Medical University of South Carolina and many retail sites. With recent renovations, strong in-place income, and the flexibility of a vacant unit, 112 Rutledge Avenue offers investors a compelling, turnkey opportunity in a premier location. Please refer to the attached brochure for detailed unit sizes and floor plans. TMS #: 457-03-02-120, 457-03-02-162, 457-03-02-163, 457-03-02-165, 457-03-02-165. Broker Richard Morse is also the owner.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
6,369 SF
Building Class
B
Year Built/Renovated
1925/2019
Price
$2,895,000
Price Per SF
$454.55
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,245 SF
Slab To Slab
12’
Building FAR
1.46
Lot Size
0.10 AC
Zoning
STR - Single and Two Family Residential
Parking
10 Spaces (1.48 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Balcony
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 457-03-02-162 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $38,250 |
Property Taxes
Parcel Number
457-03-02-162
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$38,250
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Multi Family with Medical Office For Sale | 112 Rutledge Ave
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