140 Spring Street Unit Abc | Charleston | $3,100,000
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140 Spring Street Unit Abc
Charleston, SC 29403
$3,100,000
3,034
SQ. FT.
140 Spring Street Unit AbcCharleston, SC 29403
For SALE
ACTIVE
$3,100,000
EST. 7,803.42/MO CALCULATE
3,034
SQ. FT.
Property Description
An exceptional opportunity to acquire a fully renovated, fully licensed commercial short-term rental complex in the heart of downtown Charleston. 140 Spring Street is a boutique, three-unit offering designed to command premium nightly rates while delivering a rare combination of privacy, parking, and outdoor living--features that consistently outperform in Charleston's high-barrier STR market.The property features two spacious 3-bedroom / 2-bath residences and one well-appointed 1-bedroom unit, creating multiple income streams ideal for group travel, extended stays, and high-yield weekend demand. Renovations were thoughtfully executed to preserve historic charm while delivering modern finishes that today's guests expect. A true differentiator is the private, walled courtyard exclusive to one of the 3-bedroom units. Complete with a gazebo, brick fireplace, and dedicated sitting area, this outdoor sanctuary significantly enhances guest experience and booking appeal. The courtyard also offers potential for a plunge pool an extraordinary rarity in downtown Charleston and a proven lever for materially increasing ADRs and annual revenue.Off-street parking further strengthens the asset's competitive position, while in-place commercial STR licensing allows for immediate operation with no entitlement risk.Beyond operational performance, ownership offers significant tax advantages unique to short-term rentals, including the potential for accelerated depreciation and cost segregation, which may allow investors to offset a substantial portion of income often without passive activity limitations, subject to individual circumstances and tax strategy.This is a rare opportunity to acquire a stabilized, scalable, and tax-advantaged STR asset in one of the Southeast's most supply-constrained and resilient markets.$300,000.00/ in annual revenue projected from a reputable local management company.
Property Details
- MLS ID26002812
- Property TypeMulti Unit - Multiple
- Building Area Total3034
- Community FeaturesPool
- Days on Site33
- Home StyleTriplex
- Lot Dimensions0.08 acre(s)
- Lot Size0.08 Acres
- Other StructuresNo
- SewerPublic Sewer
- Structure TypeTriplex
- WaterPublic
- Year Built1890
- acres0.08
Listed By / Shown By
Listed By
Agency Name: Birchin Lane Realty Advisors, LLC
Charleston Trident MLS
Shown By
Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016
Charleston Trident MLS
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140 Spring Street Unit Abc
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