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309 King St

5,057 SF Retail Building Charleston, SC 29401 $6,596,000 ($1,304/SF) 5.75% Cap Rate

Executive Summary

Located at 309 King Street in Charleston’s Historic Downtown, this prime retail space sits in the heart of the Middle King Street Fashion District, home to luxury brands like Louis Vuitton, Gucci, and Sephora. The area offers a premier shopping experience with high barriers to entry, attracting affluent consumers. Within a 5-minute drive, over 12,000 residents with an average household income of $140,000 surround the property, while the College of Charleston, with 11,729 students, is just a block away. Charleston itself, voted the U.S.'s top city by Condé Nast Traveler readers for 12 of the last 13 years, draws nearly 8 million visitors annually. Originally built around 1884, 309 King Street was recently renovated with a new roof (warranty until 2041), elevator, fire system, and custom tenant build-out. The current tenant, Uncommon James, founded by TV personality Kristin Cavallari, brings national recognition to the location. The lease offers minimal landlord responsibility and scheduled rent growth, ensuring stable returns.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,057 SF
Building Class
A
Year Built/Renovated
1884/2023
Price
$6,596,000
Price Per SF
$1,304
Cap Rate
5.75%
NOI
$379,275
Tenancy
Single
Building Height
2 Stories
Building FAR
0.97
Land Acres
0.12 AC
Zoning
C - Commercial
Parking
1 Space (0.2 Spaces per 1,000 SF Leased)
Frontage
64 FT on King St

Amenities

  • Bus Line
  • Signage
  • Roof Terrace
Walk Score ®
Walker's Paradise (99)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
Bartaco
Cross Fit Discovery
United Bank
Five Guys
Starbucks
Harris Teeter
PNC Bank
TD Bank
Synovus Financial Corp.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
457-04-04-097
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$240,000
  • Listing ID: 33273218

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 309 King St, Charleston, SC 29401

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