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Corner Mixed-Use Building
For Sale
$4,695,000

651 King Street, Charleston, SC 29403

MULTI_FAMILY - Charleston, SC

Property Size4,253 SF
Lot Size0.05 Acres
Price / SF$1,103
Days on Market48

Property Features for 651 King Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Conforming
Bedrooms 5
Rooms Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2
Interior features Ceiling Fan(s)
Subdivision Cannonborough
Elementary school James Simons
Middle school Simmons Pinckney
High school Burke
Directions North West Corner Of King And Line Streets
Standard status Active
Size 4,253 SF
Lot size 0.05 Acres

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Amenities

rooftop terrace

Building Details

Year built 2024
Floors in Building 3
Number of units 2
Building materials Block/Masonry, Brick Veneer
Roof type Metal
Listing Agency: Keller Williams Realty Charleston West Ashley
Listed By: Jonathan Holt
Added: Jun 19 Changed: Aug 2 Last Checked: Aug 5 at 4:06AM
MLS# 26017763

Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Completed in 2024, this newly constructed mixed-use building at 651 King Street totals approximately 4,253 square feet across three stories. The upper floors operate as a fully functional 5-bed, 4.5-bath luxury short-term rental, with upscale interior finishes and a rooftop terrace. Mechanical and building systems include natural gas heating and central air cooling, with a metal roof. Construction is block/masonry with brick veneer.

The ground-floor commercial space is occupied by Steep Me Tea Apothecary under a long-term NNN lease. The commercial space was purpose-built for restaurant or retail use, including restaurant infrastructure such as a grease trap and a designated hood location. The property sits on the prominent corner of King and Line Streets within the Cannonborough-Elliotborough STR Overlay, an area where commercial short-term rentals are permitted. It is positioned directly adjacent to Courier Square, a $500M+ mixed-use redevelopment underway.

Set on a 0.05-acre lot with public water and public sewer, the asset combines modern, in-place residential hospitality operations with a leased ground-floor commercial component.

Key Highlights

  • Completed in 2024 mixed‑use building with three‑story layout and approx. 4,253 SF
  • Upper floors feature fully operational 5‑bed, 4.5‑bath luxury short‑term rental
  • Rooftop terrace for the short‑term rental accommodations

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office Auto Parts Store HVAC Service Pharmacy Parking Lot & Garage Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

670
Businesses Nearby

Demographics for 29403, SC

21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
Median Home Value

Market

Properties on Market for Mixed-use properties in Charleston County

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - New 2024 mixed-use property with operational 5-bed short-term rental above and ground-floor commercial NNN lease.
Where is this mixed-use property located?
The property is located at 651 King Street Charleston, SC.
What is the asking price?
The asking price for this property is $4,695,000.
What are key features of this property?
This property features: Completed in 2024 mixed‑use building with three‑story layout and approx. 4,253 SF; Upper floors feature fully operational 5‑bed, 4.5‑bath luxury short‑term rental; Rooftop terrace for the short‑term rental accommodations
More about this property
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