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561 King Street
Charleston, SC 29403
Asking Price
$35.00M
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Multi-Tenant Retail & STR | Charleston, SC <p><strong>Irreplaceable Zoning — Commercial STR Rights:</strong> The Portfolio sits within the only City-designated Short-Term Rental Overlay Zone in downtown Charleston (approx. 10% of downtown land area) and the Accommodations Overlay Zone, together permitting commercial STR operations at scale without owner-occupancy requirements — entitlements that are nearly impossible to replicate.</p><p></p><p><strong>Trophy Location on Upper King Street:</strong> Positioned at the high-visibility corner
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NOI
$80,000
Cap Rate
0.23%
DSCR
0.04
Underwater
Cash-on-Cash
-19.03%
Monthly Payment
$173,160.903
Annual Cash Flow
$-1,997,930.84
