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    345 King St Charleston, SC 29401

    Sponsored
    For Sale
    $3,400,000

    Charleston SC: Upscale Retail Investment

    Property size:
    3,355 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A, 3,355 square foot shopping center presents a compelling investment opportunity. Located at 345 King Street in Charleston, South Carolina (29401), this two-story, single-tenant property boasts a 100% occupancy rate with a modified gross lease in place until July 31, 2026, featuring annual escalations. The tenant, Kenny Flowers, an upscale tropical clothing and lifestyle brand, utilizes the ground floor as retail/showroom space and the second floor as an event space complete with a bar and patio. Built in 1900 and extensively renovated in 2023, the property sits on a General Business zoned lot (APN 457-04-02-035) in the heart of Charleston's vibrant retail district, surrounded by luxury retailers, hotels, and acclaimed restaurants. This stabilized investment offers a below-market lease rate with a strong tenant, creating a highly desirable, low-risk opportunity for long-term growth or a 1031 exchange. The asking price is $3,400,000.

    Property Features for 345 King St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    3,355 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1900/2023
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • High‑street retail property with stable occupancy and income.
    • Strong tenant roster providing consistent cash flow.
    • Prime location in a densely populated area with high foot traffic.
    • Attractive cap rate for investors seeking stable returns.
    • Long‑term lease agreements minimizing vacancy risk.
    Property Profile Location Intelligence

    Current Use by Public Records

    King Street Cabana ... Event Venue Birdies Slippers Shoe Store ellsworth & ivey Clothing Store Kenny Flowers – Charleston Clothing Store Kissmet Home Goods Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9357991
    Latitude
    32.7847269

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    FAQs

    What type of property is this?
    Lifestyle center - Charleston SC: Upscale Retail Investment
    Where is this lifestyle center located?
    The property is located at 345 King St Charleston, SC.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: High-street retail property with stable occupancy and income.; Strong tenant roster providing consistent cash flow.; Prime location in a densely populated area with high foot traffic.
    Request Owner's contact information
    345 King St Charleston, SC 29401
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    Charleston, SC 29401
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    Realmo Value Estimation

    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.

    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.

    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
    345 King St Charleston, SC 29401
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