Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    211 Rutledge Ave Charleston, SC 29403

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,250,000

    High-profile corner lot with renovated restaurant in downtown Charleston.

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Will Sherrod, Ccim
    Will Sherrod, Ccim
    Source: Naiglobal

    Listing Agency: NAI Charleston Listing Agent: Will Sherrod, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Charleston Corner Lot Restaurant

    This is a rare opportunity to purchase a high-profile corner lot location in downtown Charleston, South Carolina. The property, situated at the corner of Rutledge Avenue and Cannon Streets, encompasses approximately 0.28 acres and features a 2,300 square foot building with associated on-site parking. The building was renovated for restaurant use in 2010, with further renovations and additions completed in 2015. The location provides easy access to Highway 17 and Charleston submarkets. The property is surrounded by restaurants, retail establishments, office spaces, medical offices, rental properties, and the Medical University of South Carolina (MUSC).
    Location Intelligence

    Current Use by Public Records

    Fuel Charleston Restaurant

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Hair Salon Dental Office Nail Salon Building Supply Accounting Firm Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.9471615
    Latitude
    32.7892816

    Nearby Similar for Sale

    • New
      $925,000
      1,461 SF

      Renovated Duplex in Downtown Charleston

      Turnkey duplex near MUSC & CofC, completed renovation in 2025.
      68 Lee St, Charleston, SC 29403
      View Details
    • $1,195,000
      2,074 SF

      King Street Mixed-Use Opportunity

      Storefront business with upstairs living in a rapidly growing downtown location.
      680 King Street Ext, Charleston, SC 29403
      View Details
    • $450,000
      2,200 SF

      Duplex on Large Lot

      Duplex with potential near West Ashley Greenway and Downtown.
      2534 Hara Ln, Charleston, SC 29414
      View Details
    • New
      $535,000
      1,664 SF

      West Ashley Multifamily Opportunity

      Charming property with income potential and development possibilities.
      1514 Balsam St, Charleston, SC 29407
      View Details
    • $449,000
      1,269 SF

      West Ashley Multifamily Opportunity

      Duplex in good condition with potential for expansion.
      1507 Evergreen St, Charleston, SC 29407
      View Details
    • $525,000
      986 SF

      Charleston Duplex Near Golf Course

      Duplex in desirable location, potential for rental income.
      2021 Fremont St, Charleston, SC 29412
      View Details
    • $799,000
      2,017 SF

      Renovated Duplex Near Downtown Charleston

      Turn-key duplex renovated in 2025, near downtown Charleston.
      1038 Harbor View Rd, Charleston, SC 29412
      View Details
    • New
      $4,795,000
      7,159 SF

      Historic Charleston Multifamily Investment Opportunity

      Nine updated units with condo conversion potential near Colonial Lake.
      176-178 Broad St, Charleston, SC 29401
      View Details
    • New
      $1,199,000
      2,800 SF

      Renovated Historic Duplex in Charleston

      Turn-key duplex in downtown Charleston's vibrant Eastside neighborhood.
      66 America St, Charleston, SC 29403
      View Details
    • $3,400,000
      3,092 SF

      Renovated Historic Charleston Duplex

      Turnkey, renovated duplex in a desirable downtown location.
      63 Montagu St, Charleston, SC 29401
      View Details
    • New
      $1,299,000
      1,940 SF

      Charleston Triplex Near Hampton Park

      Renovated triplex near Hampton Park with high-end finishes.
      8 Dewey St, Charleston, SC 29403
      View Details
    • $1,200,000
      11.02 Acres

      Waterfront Land on Wappoo Road

      11-acre Charleston property with Intracoastal Waterway and Stono River views.
      185 Wappoo Rd, Charleston, SC 29407
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - High-profile corner lot with renovated restaurant in downtown Charleston.
    Where is this conventional restaurant located?
    The property is located at 211 Rutledge Ave Charleston, SC.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - High-profile corner lot location in downtown Charleston.; - Renovated, established restaurant in place (renovated 2010, additions in 2015).; - Onsite parking.
    (843) 518-5387
    Request Owner's contact information
    211 Rutledge Ave Charleston, SC 29403
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    211 Rutledge Ave
    Charleston, SC 29403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    211 Rutledge Ave Charleston, SC 29403
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Will Sherrod, Ccim
    Will Sherrod, Ccim
    Real Estate License ID: 79410
    (843) 518-5387 (843) 364-3796 (843) 720-4944
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!