MLS# 30125650 | 200 Rutledge Avenue Charleston SC | subdivision

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$1,295,000 | N/A beds | N/A full baths | N/A half baths | 4,419 sqft

$1,295,000
200 Rutledge Avenue
Charleston, SC 29403
  • $293.05Price per SqFt
  • 4,419SqFt
  • 448Days on Market
  • N/AZoning
  • 1981Year Built
  • OfficeUse
  • MLS# 30125650
  • Commercial Sales
  • Office
  • Sold

  • Approx Time on MarketN/A
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

200 Rutledge Avenue is a two story brick building containing 2,223 SF of medical type office space in the first floor and two - two bedrooms two baths apartments in the second floor of 2,196 SF for a building total of 4,419 SF. The building is part of the Rutledge Place Co-Owners Association that owns the surface parking lot in front of the building. The building controls 9 parking spaces in the lot in common with the other owners. The regime fee is $299.67 per month. The first floor tenant owns the building and will vacate upon closing. At $24.00 / SF for the first floor = $53,352 / year and $2,000 per month per apartment and $100 per month per parking space, the gross rents will be $112,152. Estimated expenses are $27,692 leaving an NOI of $84,460. At $1,295,000, the cap rate is 6.52%. The year built is estimated.


Sale Info

Listing Date: 01-30-2023

Sold Date: 10-27-2017

Listing Sold: 
   6 Year(s), 5 month(s), 27 day(s) ago

Asking Price: $1,295,000

Selling Price: $1,295,000

Price Difference: 
Same as list price

Building Info

Anchored:  No

Year Built:  1981

Financial

Asking Price Type:  Fixed Price

Garage / Parking

Parking Type:  Surface

Lot Info

County:  Charleston

Lot Acres Min:  3625.

Land Size:  3625.12

Misc

Title:  200 Rutledge Avenue

Offer Compensation

Property Info

Second Property Subtype:  Office

Zoning:  City of Charleston - LB - Lim

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Cash

Property Type:  A

Original Price:  $1,295,000

Build To Suit:  No

Property Use Type:  Industrial, Investment, Medical/Dental, Mixed Use, Multi-Family, Office, Retail

Class Type:  Office

Sold Info

Sold Date:  2017-10-27T00:00:00

Sqft Info

Rentable Area:  4419

Unit Info

Utilities / Hvac

Courtesy of listing office CBRE, Inc 

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On marshallwalker.com since Mon, Jan 30th 2023
No Property History recorded for this listing.

Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Marshall Walker Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-23-2024 6:15 AM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 04-23-2024 6:15 AM EST est.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.


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