651 King Street | Charleston | $4,695,000
651 King Street Charleston, SC 29403
For SALE
Business
ACTIVE
$4,695,000
EST. 11,818.41/MO CALCULATE
4,253
SQ. FT.
Property Description
A rare opportunity to own a newly constructed mixed-use investment property in the heart of Charleston's rapidly growing Upper King Street corridor. Completed in 2024, 651 King Street offers approximately 4,253 square feet across three stories, featuring a fully operational 5 bed, 4.5 bath luxury short-term rental on the upper floors and a ground-floor commercial space occupied by Steep Me Tea Apothecary under a long-term NNN lease. The upper-level accommodation delivers a premium guest experience with upscale finishes, spacious gathering areas, and a rooftop terrace overlooking one of Charleston's most vibrant commercial districts. The property benefits from its location within the highly sought-after Cannonborough-Elliotborough STR Overlay, one of the few areas on the peninsula where commercial short-term rentals are permitted. Positioned on the prominent corner of King and Line Streets, the property sits directly adjacent to Courier Square, a transformative $500M+ mixed-use redevelopment that continues to reshape this section of downtown Charleston with luxury residential, retail, office, hospitality, and public gathering spaces. Additional nearby growth drivers include Greystar's global headquarters, MUSC, WestEdge, the College of Charleston, and numerous new residential and commercial developments. The ground-floor commercial space was purpose-built for restaurant or retail use and includes restaurant infrastructure such as a grease trap and designated hood location. Combining stable commercial income with the upside of Charleston's thriving luxury hospitality market, this turnkey asset presents a unique opportunity to acquire a modern, income-producing property in one of the city's most supply-constrained and rapidly appreciating locations.
Property Details
- MLS ID31008845
- Property TypeCommercial - Business
- Current UseCommercial, Hospitality, Investment, Mixed Use, Vacation/Resort
- Days on Site3
- Existing Lease TypeNNN
- Lot Size0.05 Acres
- Parcel Number4600404095
- SewerPublic Sewer
- WaterPublic
- Year Built2024
- ZoningCity of Charleston - GB - General Business
- acres0.05
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Charles
SCCMLS
Shown By
Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016
SCCMLS
Web address QR Codes
651 King Street
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