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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.
| DAYS ON MARKET | 11 | LAST UPDATED | 6/19/2026 |
|---|---|---|---|
| TRACT | Cannonborough | YEAR BUILT | 2024 |
| COMMUNITY | 51 - Peninsula Charleston Inside of Crosstown | COUNTY | Charleston |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | James Simons |
|---|---|
| Jr. High School | Simmons Pinckney |
| High School | Burke |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Gas Range, Ice Maker, Microwave, Refrigerator, Washer, Washer/Dryer Stacked |
| AREA | 51 - Peninsula Charleston Inside of Crosstown |
| CONSTRUCTION | Block, Brick Veneer |
| HEAT | Natural Gas |
| INTERIOR | Ceiling Fan(s) |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 0.05 |
| PARKING | Other |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Cannonborough |
| WATER | Public |
| ZONING | Conforming |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing Provided by Keller Williams Realty Charleston West Ashley
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The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.