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207 Rutledge Avenue, Charleston, SC 29403

$2,000,000
Property Type: MultiFamily Square Footage: 6,099 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $2,000,000 List Date: 4/29/2020 Last Modified: 10/06/2026

Overview

Description

A unique investment property in the heart of Downtown Charleston! Located in the legal short-term rental overlay district, this property boasts a total of 3 units including a restaurant that could be subdivided into 2 separate commercial units, 2 separate apartments, and 7 leased, designated off-street parking spaces (with potential for 13 additional spots at the corner). The ground level contains the restaurant that is made up of a large kitchen (complete equipment list in MLS docs in ''Marketing Packet''), 2 dining areas, a bar, 3 bathrooms, office & storage space and an outdoor courtyard. This space can be subdivided into 2 separate commercial units. The 2nd, 3rd, & 4th floors make up the 2 separate apartments. The 2nd floor is home to unit B, a 3 bed/2 bath/1,194 sq ft unit wi

Supplements: private covered balcony. There are currently 7 dedicated parking spaces (leased by current owners for $1,000/mo) that are used for the current tenants & restaurant owner and there is potential to lease an additional ~13+ spaces at the corner lot (avail. for ~$2,250/mo. See Marketing Packet for additional info in MLS docs). Located in a prime Down ...

Listing Details MLS# 20011384

Location, Tax & Legal

Tax Map #
4601502079
Street #
207
Street Name
Rutledge
Street Suffix
Avenue
County
Charleston
State
SC
Zip Code
29403
Area
51 - Peninsula Charleston Inside of Crosstown
Tax District
71 - City of Charleston
Subdivision
Cannonborough
Elementary School
Memminger
Middle School
Simmons Pinckney
High School
Burke
Directions
Crosstown to Rutledge Avenue towards Calhoun. Home on right at corner of Rutledge & Cannon

Contract Info

MLS List Date
2020-04-29
Total List Price/SqFt
426.3

General Property Info

Number of Units
3
# Stories
4
Total Apx SqFt
6099
Year Built
1855
Acreage
0.12
Potential Short Sale
No

Status Change Info

Sold Date
2020-07-01
Sold Price/SqFt
327.92
New Mortgage Type
Cash

Unit 1

SqFt
2504

Unit 2

SqFt
1194

More Information

Unit 3

SqFt
2234

Property Features

SqFt Source: Hired Measurement Roof: Metal Architectural Style: Other Cooling: Central Air Heat: Forced Air Amenities: Bus Line; Cable TV Proposed Financing: Cash; Conventional Loan Possession: Tenants Rights Utility Suppliers: Charleston Water Service; Dominion Energy
IDX
Listing Office: Keller Williams Realty Charleston
Last Updated: October - 06 - 2026
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