A rare opportunity to own a newly constructed mixed-use investment property in the heart of Charleston's rapidly growing Upper King Street corridor. Completed in 2024, 651 King Street offers approximately 4,253 square feet across three stories, featuring a fully operational 5 bed, 4.5 bath luxury short-term rental on the upper… Read More floors and a ground-floor commercial space occupied by Steep Me Tea Apothecary under a long-term NNN lease. The upper-level accommodation delivers a premium guest experience with upscale finishes, spacious gathering areas, and a rooftop terrace overlooking one of Charleston's most vibrant commercial districts. The property benefits from its location within the highly sought-after Cannonborough-Elliotborough STR Overlay, one of the few areas on the peninsula where commercial short-term rentals are permitted. Positioned on the prominent corner of King and Line Streets, the property sits directly adjacent to Courier Square, a transformative $500M+ mixed-use redevelopment that continues to reshape this section of downtown Charleston with luxury residential, retail, office, hospitality, and public gathering spaces. Additional nearby growth drivers include Greystar's global headquarters, MUSC, WestEdge, the College of Charleston, and numerous new residential and commercial developments. The ground-floor commercial space was purpose-built for restaurant or retail use and includes restaurant infrastructure such as a grease trap and designated hood location. Combining stable commercial income with the upside of Charleston's thriving luxury hospitality market, this turnkey asset presents a unique opportunity to acquire a modern, income-producing property in one of the city's most supply-constrained and rapidly appreciating locations. Read Less
Courtesy of Keller Williams Realty Charleston West Ashley
Listing Snapshot
Days Online
1
Last Updated
Property Type
Residential Income
Beds
5
Square Ft.
4,253
Lot Size
0.05 Acres
Year Built
2024
MLS Number
26017763
30 Days Snapshot Of 29403
$1.00M
+19%
(avg) sold price
32
-5%
homes sold
100
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2024, 3 stories, Construction materials: "Block/Masonry", "Brick Veneer", Other structures: "No"
Cooling
"Central Air"
Heating
"Natural Gas"
Interior Features
"Ceiling Fan(s)"
Laundry
"Electric Dryer Hookup", "Washer Hookup"
Lot
0.05 acres, 2,178 square feet, Area: 0.05
Parking
"Other"
Roof
"Metal"
Sewer
"Public Sewer"
Utilities
"Charleston Water Service", "Dominion Energy"
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