651 King Street, Charleston, SC 29403 (MLS# 31008845)

651 King Street, Charleston, SC 29403

New Listing

$4,695,000

Property Type: Commercial Sale Square Footage: 4,253 Status: Active

Current Price: $4,695,000 List Date: 6/19/2026 Last Modified: 6/19/2026

Overview

Description

A rare opportunity to own a newly constructed mixed-use investment property in the heart of Charleston's rapidly growing Upper King Street corridor. Completed in 2024, 651 King Street offers approximately 4,253 square feet across three stories, featuring a fully operational 5 bed, 4.5 bath luxury short-term rental on the upper floors and a ground-floor commercial space occupied by Steep Me Tea Apothecary under a long-term NNN lease. The upper-level accommodation delivers a premium guest experience with upscale finishes, spacious gathering areas, and a rooftop terrace overlooking one of Charleston's most vibrant commercial districts. The property benefits from its location within the highly sought-after Cannonborough-Elliotborough STR Overlay, one of the few areas on the peninsula where commercial short-term rentals are permitted. Positioned on the prominent corner of King and Line Streets, the property sits directly adjacent to Courier Square, a transformative $500M+ mixed-use redevelo ... (Read more)

Listing Details MLS# 31008845

Location

Street Number: 651
Street Name: King
Street Suffix: Street
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
State or Province: SC
Postal Code: 29403
Parcel Number: 4600404095
Opportunity Zone: No

General Information

Property Sub Type: Hospitality
Secondary Sub-Type: Retail
Listing Name: 651 King Street | Multi-Use w/ Luxury STR & Retail/Restaurant Space
Property Condition: Updated/Remodeled
Building Area Total: 4253
Lot Acres: 0.05
Zoning: City of Charleston - GB - General Business
Property Visibility: Excellent
List Price/Acre: 93900000
List Price/SqFt: 1103.93
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2026-06-19
Original List Price: 4695000
Tax Legal Description: 651 Nw King & Line

Building Related

General Condition: Excellent
Stories Total: 3
Year Built: 2024
Number Of Buildings: Yes

Land Related

Part of Planned Development?: No
In Flood Plain?: No

Financials

Tax Assessed Value: 38810

More Information

Status Change Info

Status Change Date: 2026-06-19

Auction Details

Auction: No

Business Details

Business Name: The Overlook on King

Area and Location

Largest Nearby Street: King & Line

Directions & Remarks

Directions: North west corner of King and Line Streets
Public Remarks: A rare opportunity to own a newly constructed mixed-use investment property in the heart of Charleston's rapidly growing Upper King Street corridor. Completed in 2024, 651 King Street offers approximately 4,253 square feet across three stories, featuring a fully operational 5 bed, 4.5 bath luxury short-term rental on the upper floors and a ground-floor commercial space occupied by Steep Me Tea Apothecary under a long-term NNN lease. The upper-level accommodation delivers a premium guest experience with upscale finishes, spacious gathering areas, and a rooftop terrace overlooking one of Charleston's most vibrant commercial districts. The property benefits from its location within the highly sought-after Cannonborough-Elliotborough STR Overlay, one of the few areas on the peninsula where commercial short-term rentals are permitted. Positioned on the prominent corner of King and Line Streets, the property sits directly adjacent to Courier Square, a transformative $500M+ mixed-use redevelopment that continues to reshape this section of downtown Charleston with luxury residential, retail, office, hospitality, and public gathering spaces. Additional nearby growth drivers include Greystar's global headquarters, MUSC, WestEdge, the College of Charleston, and numerous new residential and commercial developments. The ground-floor commercial space was purpose-built for restaurant or retail use and includes restaurant infrastructure such as a grease trap and designated hood location. Combining stable commercial income with the upside of Charleston's thriving luxury hospitality market, this turnkey asset presents a unique opportunity to acquire a modern, income-producing property in one of the city's most supply-constrained and rapidly appreciating locations.

Property Sub Type

Hospitality: Yes
Retail: Yes

Existing Lease Type

NNN: Yes

Roof

Metal: Yes

Current Use

Commercial: Yes
Hospitality: Yes
Investment: Yes
Mixed Use: Yes
Vacation/Resort: Yes

Structure Type

Mixed Use: Yes
Office: Yes

Association Amenities

Trash: Yes

Retail Clientele

Business: Yes
Family: Yes
General: Yes
Recreation: Yes
Tourist: Yes
Traveler: Yes

Construction Materials

Block: Yes
Brick Veneer: Yes

Parking Type

Other: Yes

Heating

Natural Gas: Yes

Cooling

Central Air: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Property Features

Property Sub Type: Hospitality; Retail Current Use: Commercial; Hospitality; Investment; Mixed Use; Vacation/Resort Structure Type: Mixed Use; Office Existing Lease Type: NNN Association Amenities: Trash Retail Clientele: Business; Family; General; Recreation; Tourist; Traveler Roof: Metal Construction Materials: Block; Brick Veneer Parking Type: Other Heating: Natural Gas Cooling: Central Air Road Frontage Type: City Street Road Surface Type: Asphalt Water Source: Public Sewer: Public Sewer Listing Terms: Cash; Conventional; Other

Listing Office: Keller Williams Realty Charles

Last Updated: June - 19 - 2026

Properties marked with IDX logo are provided courtesy of South Carolina Commercial Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Carolina Commercial Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.