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140 Spring Street

Charleston, SC 29403

$3,100,000 $13,069/Mo

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Overview

Bed

Bath

3,034

Sqft

0.08

Acre(Lot)

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 o ne 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.

Property Details

Property Type : Residential

Price : $3,100,000

AD Id : 74777373

MLS Id : 26002821

Beds : 7

Lot Size : 0.08 Acre

Living Area Size : 3,034

Year Built : 1890

County : Charleston

Subdivision: Harmony Hall

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Full Baths: 5
Heating & Cooling

WaterSource: Public

Building Information

Year Built: 1890

Lot Information

Lot Description: 0 - .5 Acre Lot Size Area: 0.08 Lot Size Units: Acres Lot Square Feet: 3,485 Lot Acres: 0.08 Stories: 3 Main Square Feet: 0.08

Property Information

Property Type: Residential Sub Type: Single Family DetachedStyle: Victorian, Villa Subdivision: Cannonborough-Elliotborough

Parking Information

Off Street

Elementary School: James Simons

Junior High School: Simmons Pinckney

Senior High School: Burke
Location Information

Direction: Spring Street Between Rutledge And Kracke Street

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
69 Washington Street, Charleston, SC, 29403	$899,000	5	3	2,423	2,423 SqFt
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

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ByOwner last updated this listing 06/10/2026 @ 20:24

MLS: 26002821 LISTED BY: Richard Callari, Birchin Lane Realty Advisors, LLC SOURCE: CHS Regional MLS