For Sale
$3,400,000

345 King St Charleston, SC 29401

Charleston SC: Upscale Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

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 Details for 345 King St

Property type
Lifestyle centers, Power centers
Square Feet
3,355 SF
Class
A
Year Built/Renovated
1900/2023
Buildings
1
Stories
2
Units
1

Location Insight

City
Charleston
County
Charleston
State
South Carolina
Latitude
32.7847269
Longitude
-79.9357991

FAQs

What type of property is this?
Lifestyle center - Charleston SC: Upscale Retail Investment
Where is the 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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345 King St
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