112 Rutledge Avenue, Charleston, SC

$2,895,000

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6,873

Square feet

0.04

Acres

About 112 Rutledge Avenue

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. There are ten (10) dedicated parking spa112 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. There are 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. TMS #: 457-03-02-120, 457-03-02-162, 457-03-02-163, 457-03-02-165, 457-03-02-165.

Features of 112 Rutledge Avenue

MLS® # 26016962
Price $2,895,000
Bathrooms 0.00
Square Footage 6,873
Acres 0.04
Year Built 1925
Type Residential Income
Status Active

Community Information

Address 112 Rutledge Avenue
Area 51 - Peninsula Charleston Inside of Crosstown
Subdivision Harleston Village
City Charleston
County Charleston
State SC
Zip Code 29401

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s)
Heating Electric
Fireplace No
# of Stories 3

School Information

Elementary Memminger
Middle Simmons Pinckney
High Burke

Additional Information

Days on Website 84
Short Sale No
RE / Bank Owned No

Listing Details

OfficePalmetto Commercial Prop, LLC

Listing Map

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