MLS# 1117954 | Queen Street Charleston SC | Downtown subdivision

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$3,800,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$2,750,000
Queen Street
Charleston, SC 29401
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • N/ASqFt
  • 1890Year Built
  • 0.00Acres
  • MLS# 1117954
  • Multi Family
  • Sold

  • Approx Time on Market1 year, 3 months, 25 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionDowntown

Overview

This is two contiguous property's 46 & 50 Queen St. MLS# 1117951 46 Queen offered at $2,200,000 MLS# 1117953 offered at $1,700,000. This listing includes two historically significant main buildings, plus their related outbuildings (kitchen house, carriage house, and stable house), plus 18 off street parking spots which is almost unheard of in the Historic District. Attached are detailed drawings showing the SF of each building, each unit, paved basements, and parking areas. Currently used as 16 apartments and one retail space, this property easily could be converted to condominiums. Other possibilities include a bed and breakfast, or conversion of portions back to a dramatic single family mansion house. This property is only 1/2 block from the Mills House Hotel and 3 blocks to the hotels at the Waterfront Park which is at the end of the street. You can see the Waterfront Park from the front of the property. No facade easement has been taken so there is potential for large tax write-off. Rental history is near 100% because of location location location and off street parking. Financials will be provided to all serious inquiries, but is currently grossing about $180k. 46 Queen St is a four story brick and stucco mansion house from approximately 1799, with 12' ceilings, original fireplaces in each unit, wide piazzas. There are 7 apartments in the main house. The kitchen house is two story brick 2/1. The carriage house has two 2BDRM/1 Bath units. The stable house is a 1/1 with its own private courtyard. Adjacent is 50 Queen St., a three story brick and stucco house from approximately 1890, with 12' ceilings. 50 Queen has a retail unit on the first floor and 5 apartments. Both properties have high elevations allowing them to have fully paved basements which provide all the space necessary to run a B & B or for maintenance areas. Seller is a broker. Much of this property has been owned by the family for over 100 years. This is a true gem of a property with unlimited potential.


Sale Info

Listing Date: 07-21-2011

Sold Date: 11-16-2012

Aprox Days on Market: 
   1 Year(s), 3 month(s), 25 day(s)

Listing Sold: 
   11 Year(s), 5 month(s), 2 day(s) ago

Original Asking Price: $2,750,000

Asking Price: $3,800,000

Selling Price: $2,750,000

Price Difference From Original: 
Same as Original Price

Price Difference From Asking: 
Reduced By $1,050,000

Agriculture / Farm

Grazing Permits Forest Service:  Yes

Grazing Permits Private:  Yes

Grazing Permits Blm:  Yes

Horse:  No

Farm Credit Service Incl:  Yes

Association Fees / Info

Bathroom Info

Building Info

Year Built:  1890

Business Info

Rent Control:  No

Buyer Compensation

Exterior Features

Pool Private:  No

Garage / Parking

Garage:  No

Attached Garage:  No

Interior Features

Fireplace:  No

Lot Info

Lot Size Units:  Acres

Acres:  0.00

Irrigation Water Rights:  Yes

Offer Compensation

Other

Mobile Home Remains:  Yes

Property Info

Property Type:  B

Stories:  4

New Construction:  No

Building Area Units:  Square Feet

Entry Location:  Ground Level

View:  No

Home Warranty:  Yes

Habitable Residence:  Yes

Structure Type:  Other

Room Info

Sale / Lease Info

Sold Date:  2012-11-16T00:00:00

Lease Renewal Option:  Yes

Lease Considered:  Yes

Lease Assignable:  Yes

Sqft Info

Unit Info

Number of Units Total:  16

Utilities / Hvac

Heating:  No

Cooling:  No

Waterfront / Water

Waterfront:  No

Schools

Elem:  Memminger

Middle:  Courtenay

High:  Burke

Directions

Queen St.

Courtesy of listing office Charlestowne Properties & Dev 

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Price & Status History (on marshallwalker.com since Thu, Jul 21st 2011)
  • Original Price: $2,750,000
  • Current Price: $3,800,000
  • Price Increased: $1,050,000
Date ChangedFromTo
09/11/2019$2,750,000 $3,800,000 Increase by $1,050,000
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 04-18-2024 10:04 PM 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 04-18-2024 10:04 PM EST est.

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