• $8,500,000
    Reduced -$2,000,000
  • 159 Rutledge Ave
    Charleston, SC 29403
$586.21Price per SqFt
14,500SqFt
80Days on Market
N/AZoning
N/AYear Built
Retail-CommercialUse
4601504069Tax ID
  • MLS# 30578025
  • Commercial Sales
  • Retail-Commercial
  • Active

AreaHistoric Charleston
CountyCharleston

Agent Remarks

Carolina One presents to you the most unique and versatile portfolio for sale on the Charleston peninsula. This portfolio sale consists of 3 tax parcels. The first parcel is a completely renovated Charleston single which currently is in operation as event rental space, a 22 space,10,000 sq ft parking lot with vertical construction possibilities and a Carriage house currently being utilized as student housing. The second parcel is a 2018 Carolopolis award winner given by the Charleston Preservation Society for outstanding and meticulous preservation/renovation work. The third parcel consists of 3 & 3 1/2 Doughty Street. The current zoning for the buildings create endless options for businesses or housing and comes complete with 32 total parking spaces. These five historic buildings are located directly adjacent to MUSC College of Health Professions and are an easy walk to the College of Charleston and the Charleston School of Law. This portfolio is also available for sale as three individual parcels. Parcel one to include 159 & 159 1/2 Rutledge along with a 22 space,10,00 sq ft parking lot for 5.9 Million. Parcel two is 161 Rutledge Avenue for 2 Million. Parcel three consists of 3 & 3 1/2 Doughty St. for 1 Million. Property Descriptions: 159 Rutledge Avenue: This four story building is approximately 7,534 SF. Within the last two years this building was meticulously restored to include all new plumbing, electric, HVAC system and a completely modernized elevator system. Every system is now up to code to include a sprinkler system throughout. Ingress/Egress points along with all bathrooms are now ADA compliant. The first floor wine cellar tasting room makes a fabulous way to greet your guests at 159 Rutledge. Featuring reclaimed wood and exposed beams, the room showcases the original brick and stucco walls. This one-of-a-kind space also features a prep kitchen and a 500lb Hoshizaki ice machine. Journey up our staircase to the Rutledge Ballroom, a spacious second floor featuring original wood flooring, immaculate exposed brick fireplaces and plaster medallions with chandeliers. The room boasts enclosed Charleston single style piazzas, a modern twist on the iconic design to keep your guests cool and the vibe festive. Make your way to Upstairs at Rutledge, the best place for a refined evening or a raucous celebration. This event space features a versatile floor plan with exposed beams and offers endless possibilities to transform your vision into a reality. Property built in 1845 HVAC System: Super efficient, all new Mitsubishi engineered system, 10 year assignable warranty on parts. Complete Renovation in 2018: All new mechanicals to include new sprinkler system, modernized elevator system and is now ADA compliant Currently operating as an event rental space Standing Seam/Hydrostop Roofing Zoning: Limited Business Permitted Uses: Multifamily, Student Housing, Office, Retail 159 1/2 Rutledge Avenue: This is a two story brick building that is approximately 1,325 SF and is located behind 159 Rutledge Avenue. The exterior and interior have been renovated and currently used for student housing. Property built in 1845 Zoned limited business Permitted uses: multifamily, student housing, office Great condition 2 bedrooms and one bath upstairs 1 bedroom and 1 bath down 161 Rutledge Avenue: In 2018, 161 Rutledge received the prestigious Carolopolis Award given by the Preservation Society of Charleston for outstanding and meticulous preservation/renovation work. Completely and thoroughly renovated with all new mechanicals. The first floor is currently restaurant space with grease trap and hood already in place and the second floor consists of (2) 2 bedroom 2 bath apartments that are 1,000 SF each with full size washer and dryer. SF: 4,004 Year Built: 1845 Each apartment has 3 mini split AC units. All of 161 has tankless water heaters and the 2 apartments are on one water meter The roof is Architectural Shingle and part Hydrostop Zoning: Limited Business Permitted Uses: Multifamily, Student Housing, Office, Restaurant 3 Doughty Street: 1,875 SF 4br 2 ba with a family room on the first floor. Floors refinished, new interior paint and renovated bathrooms. New HVAC Zoned Limited Business Permitted Uses: Multifamily, Student Housing,Office,Retail 3 1/2 Doughty Street: 1,896 SF 2 Story Building with 2 parking spaces New Mechanical, electrical and plumbing roughed-in and ready for interior architectural finishes. New Hydrostop roof applied in 2017 Zoned Limited Business Permitted Uses: Multifamily, Student Housing, Office, Retail


Financial

Sale Price Max Total:  $8,500,000

Sale Price Min:  $8,500,000

Sale Price Min Total:  $8,500,000

Tax Id:  4601504069

Lot Info

Acres:  0

Property Info

County:  Charleston

Location Public:  1

Property Status:  Existing

Property Subtype:  Free-Standing Building, Mixed Use

Class Type:  Retail-Commercial

SqFt Info

Sqft:  14,500

Courtesy of listing office Carolina One Real Estate 

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Price & Status History (on robertsonhowland.com since Fri, Mar 6th 2020)
  • Original Price: $10,500,000
  • Current Price: $8,500,000
  • Price Reduced: $2,000,000
Date ChangedFromTo
05/02/2020$10,500,000 $8,500,000 Reduced by $2,000,000
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 Robertson Howland Properties 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 05-25-2020 1:03 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 2020 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2020 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 05-25-2020 1:03 PM EST est.

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