Property profile

267 Rutledge Ave B Charleston, SC 29403

OFF-MARKET
Commercial real estate
Property ID
US77-0244913
4,291 SF 0.15 ac lot Built 1890
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Charleston restaurant, located at 267-C Rutledge Avenue, presents a unique investment opportunity. The 1,965 square foot space boasts a full build-out and restoration completed in 2019, featuring high ceilings and inviting French doors opening directly onto Rutledge Avenue. This single-tenant property, previously operating as Chasing Sage, is fully equipped as a full-service restaurant and bar, comfortably seating 50-70 patrons. The current lease has approximately 10.5 years remaining at a monthly rent of approximately $7,200. The asking price of $299,000 includes fixtures, furniture, and equipment (FF&E) and lease assumption. The property is zoned commercial and situated in Charleston County, South Carolina, zip code 29403. This turnkey operation is ideally positioned to capitalize on Charleston's thriving culinary scene. The property's prime location and established infrastructure offer immediate potential for a new owner. This is a rare opportunity to acquire a well-established restaurant with significant remaining lease term in a highly desirable location. Serious inquiries only.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1890
Total area 4,291 SF
Lot 0.15 ac (6,534 SF)
APN 460-07-04-001
UPID US77-0244913

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub
  • Restaurant

Location

267 Rutledge Ave, Unit B Charleston, SC 29403-5350
Charleston metro Census 1100 CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.98M
Blend (final) Blend
$4.99M

Owner & transaction history

since 2016
7 recorded transactions
2019
Price N/A
2018
Price N/A
2016
$525,000
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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