159 Rutledge AveCharleston, SC 29403

  • Other commercial real estate
  • 1,040 SF
For Sale
$3,900,000 View listing

Property Details for 159 Rutledge Ave

Year built
1845
Property size (Sq ft)
1,040 SF
Property type
Other commercial real estate
APN
460-15-04-106
APU
4601504106

Description

This exceptional investment opportunity presents two fully renovated historic buildings in the heart of downtown Charleston, South Carolina. The main building, 159 Rutledge Avenue, boasts 7,479 square feet across three stories, featuring meticulously restored interiors with exposed brick, reclaimed wood, and exposed beams. Modern updates include a new plumbing, electrical, and HVAC system, a modernized elevator, and a sprinkler system, all compliant with current codes. ADA-compliant ingress/egress points and bathrooms enhance accessibility. The first floor includes a prep kitchen and a 500lb Hoshizaki ice machine. The second floor showcases original wood flooring, immaculate exposed brick fireplaces, and enclosed Charleston single-style piazzas. The adjacent two-story carriage house at 159 1/2 Rutledge Avenue offers an additional 1,325 square feet, perfect for residential or office use, with three bedrooms and two bathrooms. The property sits on a lot with 22 parking spaces, offering potential for vertical expansion. The buildings are zoned LB - Limited Business, and were built in 1845 and completely renovated in 2018. The total square footage is 8,759 square feet. This unique property offers a blend of historic charm and modern functionality, presenting endless possibilities for a discerning investor. The asking price is $3,900,000.

159 Rutledge Ave, Charleston, South Carolina

Location Insight

City
Charleston
County
Charleston
State
South Carolina
Latitude
32.7856
Longitude
-79.9457
CBSA code
16700
CBSA name
CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,674
-
-
$39,000
-
$200,000
$450,000
$650,000

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