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220 King Street, Charleston, SC 29401
$8,500,000
Property Type:
Commercial Sale
Square Footage:
10,032
Status:
Active
Current Price:
$8,500,000
List Date:
6/27/2023
Last Modified:
8/26/2024
Description
This landmark three-story building is a coveted downtown trophy asset located at the corner of King and Market Street which is in the epicenter of the Charleston Historic Business District in the middle of one of the country's top ten shopping districts. Retail on the first and second floors with executive office suites and a residential penthouse apartment on the third floor. Property has two tenants, Christian Michi and Lampshade Library, in place. There is a City of Charleston managed surface parking lot in the rear of the building, a parking deck across the street on King and another one on Market Street. Perfect for a buyer user or an investor with an anchor tenant. The Christian Michi retailer will only stay for a short time after closing via a sale leaseback. This property is directly across from the Charleston Place Hotel and one block from the Historic Charleston City Market. South Carolina's first Four Seasons will be located behind the building facing Meeting Street. A premier location that is walking distance to an abundance of shops, restaurants, hotels, entertainment services, and historic landmarks. The building was built in 1835 by Charleston's notable hardware merchant, Nathan Hart, reflecting the high quality of construction in the antebellum period. The red brick facade is beak jointed with fine white mortar and the second story windows have granite lentils. Floor plans and custom flyer are available from the listing agent. Gross internal square footage is 10,032. Rentable square footage is 9,073. The address of 141 and 145 Market Street are included in this TMS # and consequential purchase. Property is zoned General Commercial and inside the short term accommodations overlay district. Please do not disturb the tenants in place. Call agent for all showings.
More Information MLS# 31000784
Location
Street Number: 220
Street Name: King
Street Suffix: Street
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
State or Province: SC
Postal Code: 29401
Parcel Number: 457-08-02-025
General Information
Status: Active
Property Sub Type: Retail
Secondary Sub-Type: Office
Tertiary Sub-Type: Hospitality
Listing Name: Iconic Building on the Corner of King and Market Street
Is Condo?: No
Property Condition: Existing
Building Area Total: 10032
Lot Acres: 0.09
Zoning: City of Charleston - GB - General Business
Property Visibility: Excellent
Anchored?: No
List Price/Acre: 94444444.44
List Price/SqFt: 847.29
For Comp Purposes Only: No
Contract Information
Listing Contract Date: 2023-04-03
List Price: $8,500,000
Original List Price: 9200000
Tax Legal Description: 220 King And Market
Current Price: $8,500,000
Building Related
Tenancy: Multiple Tenants
General Condition: Good
Stories Total: 3
Year Built: 1835
Number Of Buildings: 1
Land Related
Part of Planned Development?: No
In Flood Plain?: No
Financials
Tax Assessed Value: 200030
Status Change Info
Status Change Date: 2024-05-28
Auction Details
Auction: No
Area and Location
Property Located Between: King & Market St. on the immediate left hand side
Property Features
Property Sub Type: Hospitality; Office; Retail
Current Use: Clothing/Fashion; Investment; Residential; Retail
Structure Type: Free Standing
Retail Clientele: General; Tourist
Documents
Listing Office: Beach Commercial, TBC
Last Updated: August - 26 - 2024
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