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342 King St Charleston, SC 29401-1440

Commercial real estate Google Maps
1,804 SF 0.04 ac lot Built 1850
Entity Owned 17-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$2.31M
Range $2.08M – $2.54M (±10%)
Property ID US77-0308433

Property summary

AI-generated overview

This exceptional retail property, located at 342 King Street in the heart of Charleston, South Carolina, presents a unique leasing opportunity. The building, constructed in 1850, boasts a total of 1,684 square feet of commercial space, currently entirely vacant and ready for immediate occupancy. Situated on the first floor, this space offers high visibility and accessibility within Charleston's renowned King Street shopping district, between George and Calhoun Streets. The property's prime location ensures significant foot traffic and exposure to a large customer base. With its rich history and desirable location, this property is ideal for a variety of retail businesses seeking a prominent presence in one of the nation's top retail markets. The property's APN is 457-04-02-011 and is located in Charleston County, South Carolina, zip code 29401. The building's historical character provides a unique and attractive setting for a discerning tenant. This is a rare chance to establish a business in a highly sought-after location with significant potential for growth and success. The entire 1,684 square feet is available for lease. This property offers a blend of historical charm and modern convenience, making it an unparalleled opportunity for a retail business seeking a prestigious address in Charleston's vibrant downtown area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1850
Total area 1,804 SF
Lot 0.04 ac (1,742 SF)
APN 457-04-02-011
UPID US77-0308433

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
  • Specialty Food Shop Wine and Liquor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.24M
Blend (final) Blend
$2.31M

Owner & transaction history

since 2009
3 recorded transactions
2016
Price N/A
2009
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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