46 Queen St Charleston, SC 29401
- Commercial real estate
- 13,334 SF
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 46 Queen St
- Year built
- 1890
- Lot size
- 0.13 lot acres
- Property size
- 13,334 SF
- Property type
- Commercial real estate
Description
This exceptional multifamily investment opportunity presents 16 units in Charleston's Historic District, commanding a prime location near Waterfront Park and the Mills House Hotel. The property comprises three buildings, totaling 13,334 square feet, built in 1890 (with portions dating back to circa 1799), and featuring a mix of unit sizes: nine one-bedroom/one-bathroom units, five two-bedroom/two-bathroom units, one three-bedroom/three-bathroom unit, and one commercial unit. All units are currently 100% occupied. The buildings boast charming historic details, including wide piazzas, exposed brick walls, and exposed wooden beams, while offering modern amenities such as fire sprinklers and full basements with poured concrete floors. The property includes 16 off-street parking spaces, a significant advantage in this desirable area. The buildings are situated on a 0.13-acre lot and are zoned SR-5. This property offers a unique blend of historical charm and modern functionality, presenting a compelling investment opportunity in Charleston's thriving real estate market. The asking price is $9,745,000, representing $730.84 per square foot and $609,062.50 per unit. The property's four stories and its combination of residential and commercial space provide significant flexibility for future development and income generation. This is a rare chance to acquire a piece of Charleston's rich history and capitalize on its enduring appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Charleston
- State
- South Carolina
- Longitude
- -79.92988254959
- Latitude
- 32.778231361395
