King Street shopping

Shoppers walk down King Street in Charleston recently. File/Staff

A longtime women’s clothing store in downtown Charleston will soon be a memory.

The owner of Nancy’s at 342 King St. sold the three-story building this week, and the 1,750-square-foot retail shop of nearly 28 years will close within 30 days, property owner Nancy Lerner said Friday.

“It has been a fabulous ride for me,” Lerner said. “When I opened, I thought I would never make it with my fashion sense, but I made it and I’m leaving because I want to leave and start a new chapter.”

She said the retail industry has changed and King Street along with it.

“It’s become a walking mall,” Lerner said. “It’s not a fashion destination anymore.”

She also lamented the rise of national chains paying top dollar for retail space downtown.

“If people don’t own their own buildings, it’s difficult to stay in business in downtown Charleston,” she said. “I have been fortunate to own my own building and my own business.”

On her Facebook page, she wrote, “I will not be wanting for a thing for the rest of my life.”

She declined to name the buyer or say anything about its plans for the building, but Charleston County property records show the new owner is Susie Q 58 LLC.

Lerner said she plans “to chill” and possibly start offering home fashion parties with a business partner.

Nancy’s departure follows Bits of Lace lingerie shop, which pulled out of downtown Charleston earlier this month after 39 years and consolidated operations at its Mount Pleasant location. Bits of Lace owner Ruth Brennan in December cited high rents as one of the reasons for leaving King Street.

Reach Warren L. Wise at (843) 937-5524 or twitter.com/warrenlancewise.