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Alanese Champaigne

alanese@ajhanaypropertysolutions.com +1(843) 303-0500

Listed by Keller Williams Realty Charleston West Ashley

$ 4,695,000

Est. payment -/mo

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Active

651 King St Charleston, SC 29403

5 Beds

4,253 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Single Family Home

Sub Type Duplex,Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,253 sqft

Price per Sqft $1,103

Subdivision Cannonborough

MLS Listing ID 26017763

Bedrooms 5

HOA Y/N No

Year Built 2024

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Duplex,Other

Property Description

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 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.

Location

State SC

County Charleston

Area 51 - Peninsula Charleston Inside Of Crosstown

Interior

Interior Features Ceiling Fan(s)

Heating Natural Gas

Cooling Central Air

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Other

Utilities Available Charleston Water Service, Dominion Energy

Roof Type Metal

Building

Dwelling Type Duplex,Other

Story 3

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Block/Masonry,Brick Veneer

New Construction No

Schools

Elementary Schools James Simons

Middle Schools Simmons Pinckney

High Schools Burke

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Flood Insurance

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Alanese Champaigne

+1(843) 303-0500

alanese@ajhanaypropertysolutions.com

Alanese Champaigne

651 King St Charleston, SC 29403

Key Details

Location

Interior

Exterior

Building

Schools

Others

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651 King St