114 Spring Street | Charleston | $5,600,000
SHOW DETAILS
114 Spring Street
Charleston, SC 29403
$5,600,000
6,735
SQ. FT.
114 Spring Street Charleston, SC 29403
For SALE
Business
ACTIVE
$5,600,000
EST. 14,096.51/MO CALCULATE
6,735
SQ. FT.
Property Description
114 Spring Street presents a rare opportunity to acquire a fully renovated, mixed-use investment asset in the heart of downtown Charleston. This turnkey property features multiple income streams, anchored by a successful triple net leased restaurant operating on a 10-year lease with built-in annual rent escalations, providing a highly stable and passive income foundation. Complementing the commercial component are two high-performing short-term rental apartments, creating additional upside and diversified revenue. The property is located within the City of Charleston's Accommodation Overlay Zone, further enhancing its long-term value and flexibility for short-term rental operations. Recognized as a Historic Charleston Foundation/Historicropolis award-winning building, the asset has undergone a substantial upfit and restoration, thoughtfully preserving its historic character while incorporating modern, high-end finishes throughout. The income profile is driven by the stability of the long-term restaurant lease, allowing an investor to benefit from predictable, low-management cash flow, while the short-term rental units provide meaningful supplemental income and the ability to grow revenues through dynamic pricing and operational efficiencies. As outlined in the pro forma operating summary, the asset demonstrates strong gross income generation across both residential and commercial components, supported by a balanced expense structure. Strategically positioned on Spring Street--one of Charleston's most desirable and high-traffic corridors--the property benefits from exceptional walkability and immediate access to some of the city's top dining, retail, and entertainment destinations. The combination of premier location, award-winning historic significance, accommodation zoning advantages, and diversified yet restaurant-anchored income streams makes 114 Spring Street a compelling investment for buyers seeking both immediate returns and long-term appreciation in one of the Southeast's most resilient real estate markets.
Property Details
- MLS ID31008397
- Property TypeCommercial - Business
- Existing Lease TypeNNN, Other
- Parcel Number4601102010
- Year Built1896
- ZoningCity of Charleston - LB - Limited Business
Listed By / Shown By
Listed By
Agency Name: Tift Properties
SCCMLS
Shown By
Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016
SCCMLS
Web address QR Codes
114 Spring Street
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