162 Spring Street Unit #A, B, C, Charleston, SC 29403

$2,500,000
4
BD
2,451
SqFt

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List Price
$2,500,000
Status
ACTIVE
Days on Market
43
MLS#
26026686
Subtype
Residential Income
Year Built
1880
Bedrooms
4
Living Area
2,451
Lot Size
9,583
Acres
0.22
Subdivision
Cannonborough-Elliotborough
Neighborhood
Cannonborough-Elliotborough
MLS Area Major
51 - Peninsula Charleston Inside of Crosstown

Property Description

162 Spring St A,B,C is a fully operating STR /Short Term Rental and Restaurant Downtown Charleston. This Multi-Use, Commerical Zoned, Income Producing, HPR Building located in the Accommodations Overlay District offers 3 Units with 4 off street parking spaces. Two(2)Income-Producing Residential STR Units and One (1) Restaurant with current lease terms that will convey. This front building includes two fully updated residences. Unit A and B are each 2BR/ 2BA condo-style upstairs units. The restaurant is a very successful business and current lease remains as a current NNN Lease Term. Whether you're an investor seeking high-performing income producing STR short-term rental potential, a buyer looking to live in one unit while generating income from the other, or someone building a portfolioof diverse downtown assets, this opportunity delivers exceptional value, flexibility, and upside. Zoned to allow short-term rentals with proper licensure and fully compliant with all city regulations, this property stands out as a turn-key, multi-use gem that's ready to produce from day one. Both Unit A and Unit B sit at the front of the lot, upstairs and each unit is a stylish 2-bedroom, 2-bathroom residence blending classic Charleston architecture with modern convenience. Offered fully furnished and thoughtfully designed for either personal use or STR occupancy, this unit features an open-concept layout with hardwood floors, abundant natural light, and a designer kitchen with granite countertops and stainless steel appliances. Each bedroom enjoys privacy and comfort, complete with ensuite bathrooms an ideal configuration for couples, friends, or vacationing guests. With a strong rental history and low-maintenance setup, Unit A,B and C is a perfect addition to any investor's portfolio or a cozy home base in the city with built in income return on your investment For investors, the setup of this property with 2 condo-style STR units and a Income producing Restaurant offers a unique ability to generate income from two very different renter profiles while sharing the benefits of a single HPR parcel. The ability to operate both units as short-term rentals, if desired, is an enormous advantage that sets this property apart in a market where zoning compliance is critical and increasingly rare. Whether you want to maximize short-term rental income, live in one unit while renting the other, or simply hold an appreciating asset in a prime growth corridor, 162 Spring Street A,B &C is a smart and strategic acquisition. Opportunities like this are increasingly rare in Charleston especially properties that are move-in ready, STR eligible, and offer true Multi-Use flexibility in a high-demand location. Don't miss your chance to own a piece of downtown that earns while it appreciates. Please do not disturb current tenants. Call Listing agent for all details. Unit A,B,C D, and E can be purchased combined for $5,600,000. see MLS for listing.

Additional Information

Interior Features
Ceiling Fan(s)
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Wood Siding
Stories
2
Roof
Metal
Foundation
Crawl Space, See Remarks
Parking
Other
Elementary School
James Simons
Middle School
Simmons Pinckney
High School
Burke

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kristen Krause from Listing Office: REMAX Executive.