651 King Street, Charleston, SC 29403

Completed in 2024, this newly constructed three-story mixed-use property totals approximately 4,253 square feet. The upper floors operate as a fully operational 5 bed, 4.5 bath luxury short-term rental, with upscale finishes, spacious gathering areas, and a rooftop terrace. The ground floor provides commercial space occupied by Steep Me Tea Apothecary under a long-term NNN lease. The commercial area was purpose-built for restaurant or retail use and includes restaurant infrastructure such as a grease trap and a designated hood location.

The property is positioned on a prominent corner of King and Line Streets in the heart of Charleston’s Upper King Street corridor. It sits within the Cannonborough-Elliotborough STR Overlay, where commercial short-term rentals are permitted. It also directly abuts Courier Square, a major mixed-use redevelopment currently reshaping this part of downtown Charleston with luxury residential, retail, office, hospitality, and public gathering spaces.

As a combined package, the asset offers a turnkey residential hospitality component alongside a leased ground-floor commercial use. For investors seeking a modern mixed-use building completed in 2024, the structure supports ongoing income from the NNN tenant while maintaining separate operational space for short-term rental use in an area that permits that activity. Nearby demand drivers cited include Greystar’s global headquarters, MUSC, WestEdge, and the College of Charleston.