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MLS# 30603298 | Charleston Commercial Sales
  • $5,900,000
    No Recent Price Change
  • 159 Rutledge Ave
    Charleston, SC 29403
N/APrice per SqFt
N/ASqFt
62Days on Market
N/AZoning
N/AYear Built
Retail-CommercialUse
4601504069Tax ID
  • MLS# 30603298
  • Commercial Sales
  • Retail-Commercial
  • Active

AreaHistoric Charleston
CountyCharleston

Agent Remarks

Excellent investment opportunity to own a piece of Charleston history with this completely renovated Charleston Single, accompanied by a 10,000 sq ft, 22 space parking lot with vertical construction possibilities. This package will also include a 1,350 sq ft Carriage house currently functioning as student housing. The asking price for this listing is 5.9 Million and can be also purchased as part of a portfolio sale in conjunction with Catalyst ID #30578025. Property Descriptions: 159 Rutledge Avenue: This four story building is approximately 7,534 SF. Within the last two years this building was meticulously restored to include all new plumbing, electric, HVAC system and a completely modernized elevator system. Every system is now up to code to include a sprinkler system throughout. Ingress/Egress points along with all bathrooms are now ADA compliant. The first floor wine cellar tasting room makes a fabulous way to greet your guests at 159 Rutledge. Featuring reclaimed wood and exposed beams, the room showcases the original brick and stucco walls. This one-of-a-kind space also features a prep kitchen and a 500lb Hoshizaki ice machine. Journey up our staircase to the Rutledge Ballroom, a spacious second floor featuring original wood flooring, immaculate exposed brick fireplaces and plaster medallions with chandeliers. The room boasts enclosed Charleston single style piazzas, a modern twist on the iconic design to keep your guests cool and the vibe festive. Make your way to Upstairs at Rutledge, the best place for a refined evening or a raucous celebration. This event space features a versatile floor plan with exposed beams and offers endless possibilities to transform your vision into a reality. Property built in 1845 HVAC System: Super efficient, all new Mitsubishi engineered system, 10 year assignable warranty on parts. Complete Renovation in 2018: All new mechanicals to include new sprinkler system, modernized elevator system and is now ADA compliant Currently operating as an event rental space Standing Seam/Hydrostop Roofing Zoning: Limited Business Permitted Uses: Multifamily, Student Housing, Office, Retail 159 1/2 Rutledge Avenue: This is a two story brick building that is approximately 1,325 SF and is located behind 159 Rutledge Avenue. The exterior and interior have been renovated and currently used for student housing. Property built in 1845 Zoned limited business Permitted uses: multifamily, student housing, office Great condition 2 bedrooms and one bath upstairs 1 bedroom and 1 bath down Parking Lot 10,00 sq ft open space currently being utilized for 22 parking spaces rented monthly


Financial

Sale Price Max Total:  $5,900,000

Sale Price Min:  $5,900,000

Sale Price Min Total:  $5,900,000

Tax Id:  4601504069

Lot Info

Acres:  0

Property Info

County:  Charleston

Location Public:  1

Property Status:  Existing

Property Subtype:  Free-Standing Building

Class Type:  Retail-Commercial

Courtesy of listing office Carolina One Real Estate 

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On domicilecharleston.com since Sat, Jul 25th 2020
No Property History recorded for this listing.
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 09-25-2020 12:02 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 2020 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2020 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 09-25-2020 12:02 PM EST est.

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