220 King St Charleston, SC 29401-3109

Property Details for 220 King St

Year built

1985

Lot size

0.09 lot acres

Property size

9,521 SF

Property type

Commercial real estate

APN

457-08-02-025

APU

4570802025

Description

This exceptional three-story, 10,032 square foot building, constructed in 1835, sits at the coveted corner of King and Market Streets in Charleston's Historic District. The property boasts a prime location within a top-ten US shopping district, directly across from the Charleston Place Hotel and a block from the Historic Charleston City Market. Currently configured with retail space on the first and second floors, executive office suites, and a residential penthouse apartment on the third floor, it offers a unique blend of uses. Two tenants, Christian Michi and Lampshade Library, are currently in place, with Christian Michi operating under a short-term sale leaseback agreement. The building features a red brick facade, granite lintels, one elevator, and two interior staircases. The 0.09-acre lot includes the addresses 141 and 145 Market Street. Ample parking is available nearby in city-managed lots and parking decks. Zoned General Business and within the Short Term Accommodations Overlay District, this property presents a rare opportunity for owner-occupants or investors seeking a high-profile, mixed-use asset in a thriving downtown location. The building's rich history and unparalleled location make it a truly unique investment. The asking price is $8,500,000. The net rentable square footage is 9,032. The property has eight keys and is a single tenancy. The lease expiration is March 31, 2025, with 0.4 years remaining. The Charleston County Tax ID is 457-08-02-025. The South Carolina Commercial MLS number is 31000784.