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344 King Street 344 King St

4,890 SF 100% Leased Retail Building Charleston, SC 29401 £3,286,290 (£672/SF)

Investment Highlights

  • Heavy foot traffic. Fantastic retail location. Mixed use. Exceptionally maintained. Great retail and residential tenants. Two STR's

Executive Summary

344 King Street is a prime commercial retail and residential listing located just below Calhoun Street, in one of Charleston's most sought-after retail areas. This location is on a bustling block of King Street with high foot traffic. The building features a retail space (1100 sqft) with a triple-net lease already in place with 3% annual rent escalations, ensuring a stable income. It also includes two long-term apartments, both with tenants, and two successful short-term rentals (STRs). A secure, gated alleyway off of King Street allows private access to the retail, residential apartments and Airbnb's and are under video surveillance. The building is in excellent condition, making it a low-maintenance investment. It offers a unique opportunity to own a prestigious property with flexible usage options. The two (2) Airbnb's have been recognized by Condé Nast Traveler as one of the top ten places to stay. These STRs will convey furnished, with beautiful antique pieces included, except for a few exclusions. The courtyard Airbnb features a private courtyard, adding significant appeal. There is potential to expand the square footage by adding another suite above the courtyard Airbnb, as well as the possibility of a 2-story addition within the courtyard footprint.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,890 SF
Building Class
B
Year Built/Renovated
1879/2018
Price
£3,286,290
Price Per SF
£672
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.25
Lot Size
0.09 AC
Zoning
Mixed - Retail, residential and short term rentals
Frontage
27 ft on King Steet

Amenities

  • Courtyard
  • Fireplace
  • Signage
  • Roof Lights
  • Accent Lighting
  • Air Conditioning
  • Balcony

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Tijon Parfums, The Fragrances of the French Caribbean, have been hand crafted with the finest ingredients found in the Caribbean and worldwide.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
Bartaco
Cross Fit Discovery
United Bank
Five Guys
Starbucks
Harris Teeter
Synovus Financial Corp.
Regions Bank
Truist

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
457-04-02-012
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£68,300
  • Listing ID: 32790190

  • Date on Market: 14/08/2024

  • Last Updated:

  • Address: 344 King St, Charleston, SC 29401

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