Active

114 Spring Street

Charleston, SC 29403

$5,300,000 $22,345/Mo

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Overview

Bed

Bath

6,735

Sqft

0.07

Acre(Lot)

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/Historic Caropolis award-winning building, the asset hasunder gone 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

Property Type : Residential Income

Price : $5,300,000

AD Id : 77620532

MLS Id : 26011252

Lot Size : 0.07 Acre

Living Area Size : 6,735

Year Built : 1870

County : Charleston

Map

What's Nearby

Nearby Areas

Features

Roofing Information

Metal
Interior Features

Roof: Metal Laundry Features: Washer Hookup
Heating & Cooling

Heating: Central, Forced Air Cooling: Central Air WaterSource: Public

Building Information

Year Built: 1870 Construction Materials: Masonite, Wood Siding Security System: Fire Sprinkler System

Lot Information

Lot Size Area: 0.07 Lot Size Units: Acres Lot Square Feet: 3,049 Lot Acres: 0.07 Stories: 4 Main Square Feet: 0.07

Property Information

Property Type: Residential Income Structure Type: Other Subdivision: Cannonborough-Elliotborough

Parking Information

Other

Elementary School: Mitchell

Junior High School: Simmons Pinckney

Senior High School: Burke

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3 Elizabeth Street, Charleston, SC, 29403	$975,000	4	2	2,216	2,216 SqFt
2 Henrietta Street, Charleston, SC, 29403	$1,495,000	3	3.5	1,914	1,914 SqFt
41 Chapel Street, Charleston, SC, 29403	$1,995,000	4	2.5	2,400	2,400 SqFt
44 Charlotte Street #D, Charleston, SC, 29403	$975,000	2	1.5	1,238	1,238 SqFt
645 E Bay Street, Charleston, SC, 29403	$1,395,000	--	--	--
47 Drake Street, Charleston, SC, 29403	$625,000	3	2	1,150	1,150 SqFt
15 Judith Street #E, Charleston, SC, 29403	$1,185,000	2	3.5	1,680	1,680 SqFt
16 Amherst Street, Charleston, SC, 29403	$785,000	3	3	1,190	1,190 SqFt
Street, Charleston, SC, 29403	$1,145,000	6	4.0	1,956	1,956 SqFt
9 Lapp's Court, Charleston, SC, 29403	$899,900	3	2.5	1,502	1,502 SqFt

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ByOwner last updated this listing 06/23/2026 @ 01:40

MLS: 26011252 LISTED BY: Tift Mitchell, Tift Properties SOURCE: CHS Regional MLS