159 Rutledge Ave Charleston SC 29403

$8,500,000Listing # 30578025

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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

Basic Features

  • Area: Peninsula Charleston Inside of Crosstown
  • City Name: Charleston
  • County: Charleston
  • State: SC
  • Property Type: Retail
  • Postal Code: 29403
  • Square Feet: 14500

Additional Features

  • Date Modified: 2020-05-02T00:32:34
  • Property Status: Existing
  • Status: Active
  • Sale Price Min: $8,500,000
  • Sale Price Min Total: $8,500,000
  • Tax Id: 4601504069
  • Title: 3 Parcel Portfolio Sale At The Corner Of Rutledge & Doughty Street

Property Subtype

  • Free-Standing Building
  • Mixed Use
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