Listed by Palmetto Commercial Properties
$2,895,000
112 Rutledge Avenue
Details
APN 4570302120
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Traditional Office
Square Footage 6,873
Year Built 1925
Zoning City of Charleston - STR - Single And Two Family Residential
Parking Spaces 10 spaces
Parking Per SqFt 1.45
Mixed Use | 6,873 SqFt
Marketing description
112 Rutledge Avenue presents a rare opportunity to acquire a beautifully renovated, mixed-use investment property in the heart of Harleston Village. Positioned in one of Charleston's most sought-after neighborhoods, this asset offers a strong blend of stable income and future upside.The ground-floor medical office space is secured by a long-term lease through December 2029 at attractive market rates, providing consistent and reliable cash flow. Above, the second and third floors feature three residential units totaling nine bedrooms and four bathrooms. The residential component is nearly fully leased, with one recently renovated unit (Unit D) currently available--ideal for an owner-occupant or to be leased at market rates to further enhance income.The property also benefits from ten (10) dedicated parking spaces, a highly desirable amenity in this area. Six spaces are leased to the medical office tenant, while the remaining four are allocated to the residential units, generating additional rental income.Excellent Downtown Charleston location in the Historic District and adjacent to the hospital district, walking distance to the College of Charleston, Medical University of South Carolina and many retail sites.With recent renovations, strong in-place income, and the flexibility of a vacant unit, 112 Rutledge Avenue offers investors a compelling, turnkey opportunity in a premier location.Please refer to the attached brochure for detailed unit sizes and floor plans.TMS #: 457-03-02-120, 457-03-02-162, 457-03-02-163, 457-03-02-165, 457-03-02-165.
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Listed by Palmetto Commercial Properties
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