140 Spring St #Abc, Charleston, SC 29403
140 Spring St #Abc, Charleston, SC 29403
140 Spring St #Abc, Charleston, SC 29403
140 Spring St #Abc, Charleston, SC 29403
140 Spring St #Abc, Charleston, SC 29403
140 Spring St #Abc, Charleston, SC 29403
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Stephen Gibson

Stephen Gibson

+1(843) 683-2960
Listed by   Birchin Lane Realty Advisors, LLC
$ 3,100,000
Est. payment | /mo

3,034 SqFt

Save
$ 3,100,000
Est. payment | /mo
Save

3,034 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,034 sqft

Price per Sqft $1,021

Subdivision Cannonborough

MLS Listing ID 26002812

HOA Y/N No

Year Built 1890

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Triplex

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 poolan 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 incomeoften 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.

Location

State SC

County Charleston

Area 51 - Peninsula Charleston Inside Of Crosstown

Exterior

Community Features Pool

Building

Dwelling Type Triplex

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools James Simons

Middle Schools Simmons Pinckney

High Schools Burke

Others

Acceptable Financing Any, Cash

Listing Terms Any, Cash

Financing Any,Cash

Schools and Properties Nearby

Stephen Gibson

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(843) 683-2960

stephenisyouragent@gmail.com

Charleston, SC, USA

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140 Spring St #Abc