112 Rutledge Avenue, Charleston, SC 29401 (MLS# 31008684)

112 Rutledge Avenue, Charleston, SC 29401

New Listing

$2,895,000

Property Type: Commercial Sale Square Footage: 6,369 Status: Active

Current Price: $2,895,000 List Date: 5/27/2026 Last Modified: 5/27/2026

Overview

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, generatin ... (Read more)

Listing Details MLS# 31008684

Location

Street Number: 112
Street Name: Rutledge
Street Suffix: Avenue
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
State or Province: SC
Postal Code: 29401
Parcel Number: 4570302120
Opportunity Zone: No

General Information

Property Sub Type: Multi Family
Secondary Sub-Type: Office
Listing Name: Multi Family with Medical Office For Sale- Owner/User Opportunity
Property Condition: Existing
Building Area Total: 6369
LEED Certified: No
Zoning: City of Charleston - STR - Single And Two Family Residential
Property Visibility: Excellent
List Price/SqFt: 454.55
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2026-05-27
Original List Price: 2895000

Building Related

General Condition: Excellent
Stories Total: 3
Year Built: 1925
Year Renovated: 2026
Parking Total: 10
Number Of Buildings: Yes

Land Related

In Flood Plain?: Yes

Financials

Tax Assessed Value: 36960

More Information

Status Change Info

Status Change Date: 2026-05-27

Auction Details

Auction: No

Area and Location

Airports: Charleston International Airport

Directions & Remarks

Directions: Located right off of Calhoun Street Downtown Charleston.
Public Remarks: 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. Broker Richard Morse is also the owner.

Property Sub Type

Multi Family: Yes
Office: Yes

Current Use

Mixed Use: Yes
Multi-Family: Yes

Structure Type

Free Standing: Yes
Mixed Use: Yes
Multi Family: Yes
Office: Yes

Parking Type

Surface: Yes

Heating

Central: Yes
Fireplace(s): Yes

Cooling

Central Air: Yes

Road Frontage Type

City Street: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Property Features

Property Sub Type: Multi Family; Office Current Use: Mixed Use; Multi-Family Structure Type: Free Standing; Mixed Use; Multi Family; Office Parking Type: Surface Heating: Central; Fireplace(s) Cooling: Central Air Road Frontage Type: City Street Water Source: Public Sewer: Public Sewer Listing Terms: 1031 Exchange; Cash; Conventional

Documents

Property Disclosure ›

Lead Based Paint Disclosure ›

Floor Plan- Second Floor ›

Floor Plan- Third Floor ›

Listing Office: Palmetto Commercial Prop, LLC

Last Updated: May - 27 - 2026

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