Marketing Description
Furman Capital Advisors is pleased to offer the opportunity to purchase 100% fee simple interest in the Upper King St Portfolio located at the corner of King Street and Cannon Street in Charleston, SC in one of the country’s most desirable Opportunity Zones. The offering consists of i) an existing +/-15,960 SF income-producing mixed-use development, and ii) a ±0.14 acre pad ready site with a fully permitted and approved +/-17,652 SF, 21 unit Apartment building that could be constructed by Buyer, allowing a Buyer to take full advantage of the tax benefits offered in an Opportunity Zone. This offering along Upper King Street in the center of downtown Charleston is one of the most sought after retail and hospitality locations in the world.
In addition to being located in one of the country’s most desirable Opportunity Zones, the property is perfectly positioned in the heart of Charleston’s newly established Short-Term Rental Overlay Zone AND the Accommodation Overlay Zone, providing the Buyer an extremely rare opportunity to operate commercial short-term rentals in Downtown Charleston.
With its location in the heart of Charleston’s most progressive street, the Upper King St Portfolio is positioned to be a prominent asset for decades to come.
Investment Highlights
- Located in one of the country’s most desirable Opportunity Zones
- Income producing and construction ready
- Portfolio includes a developable +/-0.14 acre pad-site with a fully permitted and approved 21 unit apartment development (built at buyers discretion) allowing a Buyer to take full advantage of the Opportunity Zone benefits
- Irreplaceable location at the corner of King and Cannon Streets in Downtown Charleston