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Two-Story Mixed-Use Property
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116 Ashley Ave, Charleston, SC 29401

Medical office space occupies the ground floor, with two apartments above and paved off-street parking behind the building.

Property Size3,980 SF
Days on Market144

Property Features for 116 Ashley Ave

General Information

Standard status Active
Size 3,980 SF
Total Parking Spaces 8
Property subtype Multifamily, Office, Mixed Use

Property Condition

Severity Repairs Needed
Evidence needed upgrades

Additional Details

Utilities to Site Yes
Office Units 1

Building Details

Buildings 1
Stories 2
Tenancy Single
Listing Agency: Kennedy Commercial Real Estate
Listed By: Thomas Kennedy · License #SC74262
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 3:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kennedy Commercial Real Estate

Investment Insights

Based on property information with market context.

This two-story mixed-use building contains 3,980 SF of space arranged with a medical office suite at street level and two apartments on the upper floor. Each apartment includes one large bedroom, one small bedroom, and one bathroom. The office suite has operated as an ophthalmologist’s office for more than 30 years, while the apartments have been rented to MUSC graduate students. The office layout may allow division into two separate suites, subject to applicable requirements.

The property sits one block south of the MUSC campus at 116 Ashley Ave in Charleston. Eight paved off-street parking spaces are located behind the building. Four electric meters are already installed, providing separate metering for the existing configuration.

Key Highlights

  • 3,980 SF two‑story mixed‑use building
  • Ground‑floor medical office suite with two apartments above
  • Each apartment has one large bedroom, one small bedroom, and one bathroom

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Locksmith Home Appliance Store Auto Parts Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Single-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

7,073
Businesses Nearby

Demographics for 29401, SC

9,145
Population
5,808
Households
1.6
Avg Household Size
38
Median Age
75%
College-Educated
96%
High-School Grad
1.5 sq mi
ZIP Area
6,097
Density / Sq Mi
$90,074
Median Household Income
$45,653
Median Earnings
$1,838
Median Rent
$1,165,900
Median Home Value

Market

Vacancy Rate% for Office in Charleston, SC

6.8% 2019
10.2% 2020
10.4% 2021
9% 2022
9% 2023
7.5% 2024
7.5% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Medical office space occupies the ground floor, with two apartments above and paved off-street parking behind the building.
Where is this mixed-use property located?
The property is located at 116 Ashley Ave Charleston, SC.
What are key features of this property?
This property features: 3,980 SF two‑story mixed‑use building; Ground‑floor medical office suite with two apartments above; Each apartment has one large bedroom, one small bedroom, and one bathroom
More about this property
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