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MLS# 30589581 | Charleston Commercial Sales

$2,695,000 | N/A beds | N/A full baths | N/A half baths | 4,947 sqft

$2,695,000 Reduced -$100,000
487 King St
Charleston, SC 29403
  • $544.77Price per SqFt
  • 4,947SqFt
  • 429Days on Market
  • N/AZoning
  • N/AYear Built
  • Multi-FamilyUse
  • 460-12-02-090Tax ID
  • MLS# 30589581
  • Commercial Sales
  • Multi-Family
  • Active

  • Approx Time on Market1 year, 2 months, 3 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

Reduced to Sell- Opportunity Zone -Mixed Use/Multi-Family/Hospitality /Triplex/General Business zoned Building is For Sale located in highly recognized King Street corridor. This outstanding Modern Architecture building is located in the heart of downtown Charleston. The property features three levels of amazing King Street frontage with its own private entry for first floor Restaurant and second floor private entry for Commercial Office space and Penthouse on 2nd and 3rd floor. Units A,B&C generate significant ROI revenues for a future owner. Unit B&C upstairs of the main entry have their mail boxes on King Street at ground level and a private security gated system with interior stairwell to second and third floor. The units upstairs have large windows and lots of natural light overlooking the view of famous King Street hottest location. Flooring is smooth concrete and carpeted in upstairs units. Unit B includes a small galley kitchen with refrigerator, sink and cabinets break room /apartment Kitchen area and large shower. Top units can be Luxury Apartments or second floor unit can be Class A Office offers a large open space with plenty of room. This space can also accommodate all your office needs with a large board room area for meetings and plenty of seating and open work stations. Top floor - Unit C is a Penthouse apartment with open patio overlooking the new Bennett Hotel and many other architectural and stately buildings near by. This three story property is unique in its Business Use and has the ability to generate income on many levels. Located in one of the most highly desirable neighborhoods for /business/pleasure. Walking distance to all Charleston has to offer. Call the listing agent today for a Tour and Income reports. All units are currently rented accept Penthouse is currently vacant and is listed for lease for $4425. Per. Month.


Building Info

Year Built Date:  2,008

Visibility:  Excellent

Financial

Sale Terms:  Cash to Seller

Sale Price Max Total:  $2,695,000

Sale Price Min Total:  $2,695,000

Lot Info

Acres:  0.05

Landsize Units:  Acre

Misc

Use Type:  Net Leased Investment (NNN), Investment, Business

Zoning:  GB

Property Info

Msa:  Charleston-North Charleston

Title:  Opportunity Zone,Mixed Use,Multifamily,Hospitality 3 Unit Building

County:  Charleston

Property Subtype:  Duplex/Fourplex, Mixed Use

Sale / Lease Info

Sqft Info

Sqft:  4,947

Size Rentable Sf:  4,947

Tax Info

Courtesy of listing office Coldwell Banker Comm/Atlantic Int'l 

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Price & Status History (on domicilecharleston.com since Mon, Nov 23rd 2020)
  • Original Price: $2,995,000
  • Current Price: $2,695,000
  • Price Reduced: $300,000
Date ChangedFromTo
01/03/2022$2,795,000 $2,695,000 Reduced by $100,000
12/29/2021$2,695,000 $2,795,000 Increase by $100,000
12/27/2021$2,795,000 $2,695,000 Reduced by $100,000
09/07/2021$2,850,000 $2,795,000 Reduced by $55,000
12/15/2020$3,250,000 $2,850,000 Reduced by $400,000
09/09/2020$2,995,000 $3,250,000 Increase by $255,000
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 01-26-2022 11:08 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2022 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2022 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 01-26-2022 11:08 PM EST est.

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