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540 KING STREET 540 King St 6,183 SF 100% Leased Retail Building Charleston, SC 29403 $3,995,000 ($646.13/SF)

EXECUTIVE SUMMARY
Built from the ground up in 2022, 540 King Street offers investors the unique opportunity to own one of the newest buildings in the very high-profile King Street corridor, downtown Charleston’s retail, hospitality, and nightlife epicenter. The property is surrounded by several hotels, restaurants, local and national retailers, offices, and apartment and student housing buildings. A prime mixed-use building comprised of retail, office, and short-term vacation rental suites. The building is 100% leased, and the vacation rental unit on the third floor is master leased with a percentage rent structure providing stabilized income to the Landlord as well as giving the Landlord the opportunity to share in profit of a high performing vacation rental.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,183 SF
Building Class
B
Year Built
2022
Price
$3,995,000
Price Per SF
$646.13
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.37
Lot Size
0.06 AC
Opportunity Zone
Yes
AMENITIES
- Wheelchair Accessible
- Roof Terrace
- Air Conditioning
- Balcony
- Smoke Detector
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 460-08-04-062 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $205,220 |
PROPERTY TAXES
Parcel Number
460-08-04-062
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$205,220
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540 KING STREET | 540 King St
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