Property Description A unique investment property in the heart of Downtown Charleston! Located in the legal short-term rental overlay district, this property boasts a total of 3 units including a restaurant that could be subdivided into 2 separate commercial units, 2 separate apartments, and 7 leased, designated off-street parking spaces (with potential for 13 additional spots at the corner).
The ground level contains the restaurant that is made up of a large kitchen (complete equipment list in MLS docs in ''Marketing Packet''), 2 dining areas, a bar, 3 bathrooms, office & storage space and an outdoor courtyard. This space can be subdivided into 2 separate commercial units.
The 2nd, 3rd, & 4th floors make up the 2 separate apartments. The 2nd floor is home to unit B, a 3 bed/2 bath/1,194 sq ft unit wi
Details
Maps
Contract Info
Primary Structure List Price/SqFt: 426.3
MLS List Date: 2020-04-29
Status: Closed
List Price: $2,600,000
Current Price: $2,000,000
Location, Tax & Legal
Legal Description: 207 W RUTLEDGE
Tax Map #: 4601502079
Street #: 207
Street Name: Rutledge
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Cannonborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: Crosstown to Rutledge Avenue towards Calhoun. Home on right at corner of Rutledge & Cannon
General Property Info
# Stories: 4
Potential Short Sale: No
Number of Units: 3
Primary Structure Apx SqFt: 6099
Year Built: 1855
Acreage: 0.12
Status Change Info
Sold Price/SqFt: 327.92
New Mortgage Type: Cash
Sold Date: 2020-07-01
SqFt Source
Hired Measurement: 1
Unit 1
SqFt: 2504
Baths: 3
Unit 2
SqFt: 1194
Bedrooms: 3
Baths: 2
Unit 3
SqFt: 2234
Bedrooms: 4
Baths: 3
Roof
Metal: 1
Garage/Parking
Other (Use Remarks): 1
Architectural Style
Other: 1
New Owned/Pre-owned
Pre-Owned: 1
Cooling
Central Air: 1
Heat
Forced Air: 1
Amenities
Bus Line: 1
Cable TV: 1
Proposed Financing
Cash: 1
Conventional Loan: 1
Possession
Tenants Rights: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Property Features
SqFt Source: Hired Measurement
Roof: Metal
Architectural Style: Other
Cooling: Central Air
Heat: Forced Air
Amenities: Bus Line; Cable TV
Proposed Financing: Cash; Conventional Loan
Possession: Tenants Rights
Utility Suppliers: Charleston Water Service; Dominion Energy
Supplements
private covered balcony. There are currently 7 dedicated parking spaces (leased by current owners for $1,000/mo) that are used for the current tenants & restaurant owner and there is potential to lease an additional ~13+ spaces at the corner lot (avail. for ~$2,250/mo. See Marketing Packet for additional info in MLS docs).
Located in a prime Downtown location, this building is within walking distance to restaurants, parks, schools, museums, fitness, MUSC and all that the Peninsula has to offer! Schedule a showing today!
Listing Office: Keller Williams Realty Charleston
Last Updated: September - 18 - 2024
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