MLS# 20011384 | 207 Rutledge Avenue Charleston SC | Cannonborough subdivision
843-225-7007
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Charleston, SC 29403
- 7Beds
- N/AFull Baths
- N/AHalf Baths
- 6,099SqFt
- 1855Year Built
- 0.12Acres
- MLS# 20011384
- Multi Family
- Sold
- Approx Time on Market2 months, 1 day
- AreaHistoric Charleston
- CountyCharleston
- SubdivisionCannonborough
Overview
A unique investment property in the heart of Downtown Charleston! Located in the legal short-term rental overlay district, this property boasts a total of 3 units including a restaurant that could be subdivided into 2 separate commercial units, 2 separate apartments, and 7 leased, designated off-street parking spaces (with potential for 13 additional spots at the corner). The ground level contains the restaurant that is made up of a large kitchen (complete equipment list in MLS docs in ''Marketing Packet''), 2 dining areas, a bar, 3 bathrooms, office & storage space and an outdoor courtyard. This space can be subdivided into 2 separate commercial units.The 2nd, 3rd, & 4th floors make up the 2 separate apartments. The 2nd floor is home to unit B, a 3 bed/2 bath/1,194 sq ft unit wiprivate covered balcony. There are currently 7 dedicated parking spaces (leased by current owners for $1,000/mo) that are used for the current tenants & restaurant owner and there is potential to lease an additional ~13+ spaces at the corner lot (avail. for ~$2,250/mo. See Marketing Packet for additional info in MLS docs).Located in a prime Downtown location, this building is within walking distance to restaurants, parks, schools, museums, fitness, MUSC and all that the Peninsula has to offer! Schedule a showing today!
Sale Info
Listing Date: 04-29-2020
Sold Date: 07-01-2020
Aprox Days on Market: 
2 month(s), 1 day(s)
Listing Sold: 
3 Year(s), 9 month(s), 29 day(s) ago
Original Asking Price: $2,600,000
Asking Price: $2,600,000
Selling Price: $2,000,000
Price Difference From Original:
Reduced By $600,000
Price Difference From Asking:
Reduced By $600,000
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
Community Features: Bus Line
Bathroom Info
Building Info
Year Built: 1855
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lot Size: 0.12
Lot Size Units: Acres
Acres: 0.12
Lot Sqft: 5227.2
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 4
New Construction: No
Roof: Metal
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Other
Room Info
Beds: 7
Sale / Lease Info
Sold Date: 2020-07-01T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Unit Sqft: 2,234
Unit Sqft: 1,194
Unit Sqft: 2,504
Sqft: 6099
Unit Info
Number of Units Total: 3
Unit Bedrooms: 4
Unit Bedrooms: 3
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Forced Air
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
Crosstown To Rutledge Avenue Towards Calhoun. Home On Right At Corner Of Rutledge & CannonCourtesy of listing office Keller Williams Realty Charleston
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