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540 King Street, Charleston, SC 29403
$4,400,000

Property Type:
Commercial Sale
Square Footage:
6,183
Status:
Active
Current Price:
$4,400,000
List Date:
11/20/2024
Last Modified:
7/30/2025
Description
Built from the ground up in 2022, 540 King Street offers investors the unique opportunity to own one of the newest
buildings in the very high-profile King Street corridor, downtown Charleston's retail, hospitality, and nightlife epicenter. The property is surrounded by several hotels,
restaurants, local and national retailers, offices, and apartment and student housing buildings. A prime mixed-use building comprised of retail, office, and short term
vacation rental suites. The building is 100% leased, and the vacation rental unit on the third floor is master leased with a percentage rent structure providing stabilized income to the Landlord as well as giving the Landlord the opportunity to share in profit of a high performing vacation rental.
This information has been secured from sources Colony Commercial, LLC believes to be reliable, but Colony Commercial, LLC makes no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, lease terms, or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
More Information MLS# 31005009
Location
Street Number: 540
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: 29403
Parcel Number: 460-08-04-062
Opportunity Zone: Yes
General Information
Status: Active
Property Sub Type: Retail
Secondary Sub-Type: Office
Listing Name: PRIME KING STREET BUILDING - BUILT IN 2022 & FULLY LEASED!
Is Condo?: No
Property Condition: Existing
Number of Units Total: 3
Building Area Total: 6183
Lot Acres: 0.06
Zoning: City of Charleston - GB - General Business
Property Visibility: Excellent
Anchored?: No
List Price/Acre: 73333333.33
List Price/SqFt: 711.63
For Comp Purposes Only: No
Opt In to Crexi?: Yes
Contract Information
Listing Contract Date: 2024-11-19
List Price: $4,400,000
Original List Price: 4400000
Current Price: $4,400,000
Building Related
Tenancy: Multiple Tenants
Stories Total: 3
Year Built: 2022
Number Of Buildings: 1
Land Related
In Flood Plain?: No
Status Change Info
Status Change Date: 2024-11-20
Back on Market Date: 2024-11-20
Auction Details
Auction: No
Property Features
Property Sub Type: Office; Retail
Listing Office: Colony Commercial LLC
Last Updated: July - 30 - 2025
Properties marked with IDX logo are provided courtesy of South Carolina Commercial Multiple Listing Service, Inc.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Carolina Commercial Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.