423 King Street is a perfect redevelopment property in the heart of the King Street excitement. This one story, 13,174 square feet building has 86 front feet on King St and has an access easement in place to the rear of the property. Please see the attached offering memorandum for additional details. The property is to be sold subject to the providing at least 10 parking spaces for the seller's exclusive use either on site or within a reasonable walking distance to the St. Matthews Lutheran Church. We have feasibility study attached here for retail space, apartments, dorm rooms and office space.
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Retail |
| Postal Code | 29403 |
| Square Feet | 13174 SF |
| Landsize Units | 0.3200Acre |
| Status | Active |
| Parcel Number | 460-16-02-044 |
| Title | 423 King Street |
| Year Build | 1969 |
| Zoning | City of Charleston - GB - General Business |
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.
