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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.

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