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MLS# 31002681 | Charleston Commercial Sales

$1,500,000 | N/A beds | N/A full baths | N/A half baths | 1,384 sqft

$1,500,000 Reduced -$150,000
258 St Philip Street
Charleston, SC 29425
  • $1,083.82Price per SqFt
  • 1,384SqFt
  • 92Days on Market
  • N/AZoning
  • 1852Year Built
  • Multi FamilyUse
  • MLS# 31002681
  • Commercial Sales
  • Multi Family
  • Active

  • Approx Time on Market3 months, 2 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

Downtown Charleston short-term rental investment nestled in the coveted Elliotborough neighborhood. Boasting General Business zoning, this property presents a unique opportunity to rent out both units, maximizing your potential income. The strategic location places you in the heart of the vibrant King Street nightlife and a plethora of renowned restaurants. Upon entering each unit, you'll notice the abundance of light that each space lets in. Both units have spacious bedrooms. Each unit has been thoughtfully designed with modern-style kitchens featuring stainless steel appliances and ample cabinet space, offering a perfect blend of style and functionality. The tastefully done bathrooms showcase modern vanities and exquisite tile work, adding a touch of luxury to the living spaces. Additionally, both units feature charming porches, providing a delightful outdoor retreat for residents. The property also has a large lot for parking, making downtown living a huge convenience. This property only has one direct neighbor and no buildings to the other side of it. With a proven track record of gross income averaging $135,000 over the past three years, this property stands as a reliable and lucrative investment opportunity. Don't miss your chance - schedule a showing today and seize this golden opportunity to own a piece of Elliotborough's allure!


Building Info

Anchored:  No

Year Built:  1852

Financial

Garage / Parking

Parking Type:  Other

Lot Info

County:  Charleston

Land Size:  0.07

Misc

Title:  258 St Philip Street

Offer Compensation

Property Info

Second Property Subtype:  Multi Family

Zoning:  City of Charleston - GB - Gen

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  1031 Exchange, Cash, Conventional

Property Type:  A

Original Price:  $1,650,000

Property Use Type:  Multi-Family

Class Type:  Multi Family

Sold Info

Sqft Info

Rentable Area:  1384

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Directions

Turn left onto King Street. Turn right onto Line Street. Turn right onto St Philip Street. Destination will be on the right.

Courtesy of listing office Three Real Estate LLC 

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Price & Status History (on domicilecharleston.com since Fri, Feb 2nd 2024)
  • Original Price: $1,650,000
  • Current Price: $1,500,000
  • Price Reduced: $150,000
Date ChangedFromTo
04/17/2024$1,650,000 $1,500,000 Reduced by $150,000
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 05-04-2024 4:52 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 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 05-04-2024 4:52 PM EST est.

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