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Hominy Grill 207 Rutledge Ave 6,577 SF 100% Leased Retail Building Charleston, SC 29403 $5,850,000 ($889.46/SF) 5.20% Cap Rate
Executive Summary
The ground floor is currently operated and marketed as a venue space called Rutledge Room, whose trademark, website, IP, and accolades as “Charleston’s Best Event Venue and Wedding Venue” are owned by the current owners. This commercial space is leased to Hamby Catering & Events- through fall 2026, with renewal optional at the incoming owner’s discretion. The space is delivered with top-of-the-line FF&E in place, giving an incoming owner-user the flexibility to step directly into a turn-key restaurant, continue operating as an event space (as Rutledge Room or under a different name), or retain the existing tenant for in-place income.
Floors two through four consist of two high-performing, fully permitted short-term rental residences - a 3 bed/3 bath unit and a 5 bed/5 bath unit. As of August 2026, $237,000 of Ownership's STR 2026 Revenue Budget has been booked (82% of budget). The existing FF&E, on all floors, are included in the sale.
Property Facts
Amenities
- Bus Line
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Introducing 207 Rutledge Avenue: a ±6,577 RSF mixed-use property available for sale or lease. The ground floor is currently operated and marketed as a venue space called Rutledge Room, whose trademark, website, IP, and accolades as “Charleston’s Best Event Venue and Wedding Venue” are owned by the current owners. This commercial space is leased to Hamby Catering & Events- through fall 2026, with renewal optional at the incoming owner’s discretion. The space is delivered with top-of-the-line FF&E in place, giving an incoming owner-user the flexibility to step directly into a turn-key restaurant, continue operating as an event space (as Rutledge Room or under a different name), or retain the existing tenant for in-place income. Floors two through four consist of two high-performing, fully permitted short-term rental residences - a 3 bed/3 bath unit and a 5 bed/5 bath unit. As of August 2026, $237,000 of Ownership's STR 2026 Revenue Budget has been booked (82% of budget). The existing FF&E, on all floors, are included in the sale.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,149 SF | Office/Retail | - | Aug 2026 |
1st Floor
| Size |
| 3,149 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Aug 2026 |
1st Floor
| Size | 3,149 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Aug 2026 |
Introducing 207 Rutledge Avenue: a ±6,577 RSF mixed-use property available for sale or lease. The ground floor is currently operated and marketed as a venue space called Rutledge Room, whose trademark, website, IP, and accolades as “Charleston’s Best Event Venue and Wedding Venue” are owned by the current owners. This commercial space is leased to Hamby Catering & Events- through fall 2026, with renewal optional at the incoming owner’s discretion. The space is delivered with top-of-the-line FF&E in place, giving an incoming owner-user the flexibility to step directly into a turn-key restaurant, continue operating as an event space (as Rutledge Room or under a different name), or retain the existing tenant for in-place income. Floors two through four consist of two high-performing, fully permitted short-term rental residences - a 3 bed/3 bath unit and a 5 bed/5 bath unit. As of August 2026, $237,000 of Ownership's STR 2026 Revenue Budget has been booked (82% of budget). The existing FF&E, on all floors, are included in the sale.
Nearby Major Retailers
Property Taxes
| Parcel Number | 460-15-02-079 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $149,700 |
Property Taxes
