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119 Spring St 221 Rutledge Ave 12,000 SF 100% Leased Retail Building Charleston, SC 29403 $9,877,548 CAD ($823.13 CAD/SF)
Investment Highlights
- Short Term Rentals
- Prime corner lot
- 100% Leased
- Close to MUSC, CofC and King St
Executive Summary
Incredible mixed-use investment opportunity in bustling downtown Charleston neighborhood. 119 Spring Street offers four first floor retail units and seven upstairs residential units with 14 total bedrooms and 15 off-street parking spaces. Residential units are currently leased as annual rentals but this offers an excellent opportunity to reposition as Short Term Rentals. The property is zoned Limited Business in the City of Charleston and situated within the City's Short-term rental overlay district. The property is currently 100% leased with the commercial units being occupied by a single tenant on a month to month lease. 119 Spring is situated on the busy intersection of Rutledge Ave. and Spring St., surrounded by various neighborhood restaurant and retail uses and in walking distance of MUSC.
Property Facts
Sale Type
Investment
Property Type
Building Size
12,000 SF
Building Class
C
Year Built
1985
Price
$9,877,548 CAD
Price Per SF
$823.13 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.20 AC
Zoning
Limited Business - Commercial
Parking
15 Spaces (1.25 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
40/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 460-11-02-011 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $130,341 CAD |
Property Taxes
Parcel Number
460-11-02-011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$130,341 CAD
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119 Spring St | 221 Rutledge Ave
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