159 Rutledge Ave, Charleston

$10,500,000

0 Beds
0 Baths
14,500 Sqft
0 Acres
0 Garages

Carolina One presents to you the most unique and versatile portfolio for sale on the Charleston peninsula. This portfolio sale consists of 6 parcels, one of which is a 22 spot parking lot and one a Preservation Society, 2018 Carolopolis award winner all of which sit adjacent to two Municipal parking facilities.There is a nice mix of a functioning event center, student housing, restaurant space, apartments, office space and a 1,900 SF house ready for improvement completion. 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.

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 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 each floor. Floors refinished, new interior paint and renovated bathrooms.
New HVAC
Permitted Uses: Multifamily, Student Housing,Office,Retail

3 1/2 Doughty Street:

1,896 SF 2 Story Building
Can be a single family residence, duplex or office space
New Mechanical, electrical and plumbing roughed-in and ready for improvement completion.
Zoned Limited Business

Essential Information
MLS® #30578025
Price$10,500,000
Square Footage14,500
Acres0.00
TypeCommercial Sale
StatusActive
Community Information
Address159 Rutledge Ave
CityCharleston
CountyCharleston
StateSC
Zip Code29403
Area

Peninsula Chas. inside of crosstown

Listing Details
OfficeCarolina One Real Estate

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