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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.
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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