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Rare Opportunity to Develop in Downtown Charleston

$16,000,000

Description

Rare opportunity to purchase four contiguous sites in the heart of downtown on a major thoroughfare! This portfolio offers 5 multifamily properties and 1 commercial building. These are high performing monthly rentals in the highly sought after Cannonborough-Elliotborough neighborhood with ample off-street parking. It is ideal for STRs as it sits in the STR Overlay Zone. The possibilities are endless, as they may be operated as-is, renovated or redeveloped. All in walking distance to MUSC, the College of CHS and only 3 blocks from the shops and restaurants on King Street! Entire site is highly visible, at the corner of Spring Street and Rutledge Avenue. Almost 3/4s of an acre available for redevelopment.

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Engel & Völkers

Your advisor: Cynthia R Miller

Property ID: AM-5003049

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