150 Spring St Unit Unit A&B And C V | Charleston | $4,099,000
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150 Spring St Unit Unit A&B And C V
Charleston, SC 29403
$4,099,000
4,469
SQ. FT.
150 Spring St Unit Unit A&B And C VCharleston, SC 29403
For SALE
Business
ACTIVE
$4,099,000
EST. 10,318.14/MO CALCULATE
4,469
SQ. FT.
Property Description
Premier Investment Opportunity in the heart of Charleston's legal STR/Short term accommodations overlay district. This meticulously renovated, multifamily property not only promises current substantial income return on your investment through Short-Term Rental (STR) but also offers the added potential of a vacant lot with entitlements for further development. This traditional yet modern two-story building where each of the two units offers luxury accommodations and stabilized income. The kitchens have professional-grade stainless steel appliances, striking gold finishes, custom white shaker cabinets, quartz countertops complemented by luxury hand-molded backsplashes. Each unit features walk-in tiled showers with frameless glass doors, and restored hard wood floors all carefully designed to amplify the property's inherent Charleston Southern Charm.Opportunities extend beyond the existing structures. Included in your purchase is a vacant rear lot with full entitlements to construct a detached two-story building. This expansion could encompass approximately 2,000 plus sq. ft., featuring four additional STR-approved bedrooms, each with its own en-suite bathroom. Complete architectural plans along with structural, civil, utility, sprinkler, stormwater plans and engineering plans will convey upon closing. Front units have commercial-grade fire alarm and R-13 sprinkler system. Whether you are drawn to the charm and history of Charleston or the allure of a lucrative STR venture, this property offers both immediate returns and significant growth potential.Income and expense sheet available upon request.
Property Details
- MLS ID31003810
- Property TypeCommercial - Business
- Current UseMulti-Family, Residential
- Days on Site288
- Parcel Number4601102080
- Parking Total4.00
- SewerPublic Sewer
- WaterPublic
- Year Built1872
- ZoningCity of Charleston - LB - Limited Business
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Comm/Atlantic
Agency Contact: 8437449877
SCCMLS
Shown By
Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016
SCCMLS
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150 Spring St Unit Unit A&B And C V
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