Charleston, SC 29401,71 Wentworth ST
Charleston, SC 29401,71 Wentworth ST
Charleston, SC 29401,71 Wentworth ST
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$1,050,000

$1,050,000

Est.Price: ?

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SOLD DATE : 10/01/2024

Key Details

Sold Price $1,050,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 31003825

Sold Date 10/01/24

Year Built 1900

Property Sub-Type Retail

Property Description

Charleston Commercial, on behalf of ownership, is pleased to exclusively offer the 71 Wentworth Street retail condo to qualified Buyers. The offering includes a Single Tenant Net Lease condominium which sits on the ground floor of the historic ''Masonic Lodge''. The corner retail unit is leased to Inspirato on a new 10 year term, which will offer management and amenity services for the luxury condo units that occupy the 2nd and 3rd floors of the building. The offering provides a luxury retail condo within a world class, historically preserved trophy asset, that is just steps away from the heart of King Street's retail district. The retail lease features a triple net lease structure whereas all expenses are passed through to the tenant. The 10 year term also includes 3% annual escalations.The Tenant is set to open Summer 2024 after an extensive build-out to compliment the luxury condominiums above.

Location

State SC

County Charleston

Zoning City of Charleston - GB - General Business

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Listed by Josh Schaap • Charleston Commercial
Bought with C. Kendrick Kendrick • Charleston Commercial

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