Building For Sale. Two stories with Retail on the street level and 2 apartments occupying the balance of the building. Located near the intersection of King and Cannon, 567 King St presents a unique opportunity to purchase NNN lease retail (Subway) and two condos just footsteps from some of the city's most popular shops, restaurants, stores and more. The retail tenant is Subway occupying apprx 1,480 SF as well as an apartment on the ground floor (570 SF with 1 BR and 1 BA) and a large apartment on the second floor (2,350 SF with 5 BR and 5 BA). The retail space is leased to Subway Corporate which subleases to a successful local franchisee with multiple locations. The apartments have been professionally decorated and are offered FULLY-FURNISHED. The building is zoned commercial (GB) and located within the Short-Term Rental Overlay and the Accommodations Overlay, which means you can legally operate Short-term (VRBO/Airbnb) or long-term rentals.
Building Updates are extensive and include new electrical, new A/C units, wood floors, tile, fresh paint, new doors and trim, stainless appliances, and renovated bathrooms. The downstairs unit (570 sq. ft.) features a living room, contemporary kitchen and bedroom with noticeable upgrades. The upstairs unit (2,347 sq. ft.) has a living room, kitchen and dining room along with five bedrooms, five full baths and a laundry closet. One of the bedrooms has a private entrance from the porch along with a kitchenette. Brick detailing, stainless appliances, hardwood floors, tall ceilings, numerous windows, contemporary kitchen and updated bathrooms are some highlights of the space. In addition to being in the heart of the King Street commercial district, the units are within close proximity to MUSC, The College of Charleston, Charleston School of Law and more.
This offering is co-Listed with Marcus and Millichap agent Harrison Creason. The property is also offered separately as a condo splitting the commercial and residential (MLS #20017248) which would be subject to the condomimium process and creation of the HPR.