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140 Spring Street #ABC

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 Income

Price : $3,100,000

AD Id : 74777415

MLS Id : 26002812

Lot Size : 0.08 Acre

Living Area Size : 3,034

Year Built : 1890

County : Charleston

Subdivision: Cannonborough

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

WaterSource: Public

Building Information

Year Built: 1890

Lot Information

Lot Size Area: 0.08 Lot Size Units: Acres Lot Square Feet: 3,485 Lot Acres: 0.08 Main Square Feet: 0.08

Property Information

Property Type: Residential Income Structure Type: Triplex Subdivision: Cannonborough

Elementary School: James Simons

Junior High School: Simmons Pinckney

Senior High School: Burke

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
19 America Street #A AN.., Charleston, SC, 29403	$1,145,000	6	--	2,000	2,000 SqFt
20 Amherst Street #APT B, Charleston, SC, 29403	$429,900	2	1	993	993 SqFt
66 America Street #AB, Charleston, SC, 29403	$1,199,000	6	--	2,800	2,800 SqFt
66 America Street #AB, Charleston, SC, 29403	$1,199,000	--	--	--
13 Iron Forge Alley, Charleston, SC, 29403	$909,900	3	3.5	1,806	1,806 SqFt
24 Iron Frg Alley, Charleston, SC, 29403	$899,900	3	3.5	1,600	1,600 SqFt
21 Line Street, Charleston, SC, 29403	$619,000	4	--	1,252	1,252 SqFt
12 Sheppard Street, Charleston, SC, 29403	$699,999	6	--	1,702	1,702 SqFt
77 Pitt Street, Charleston, SC, 29403	$2,700,000	10	--	4,300	4,300 SqFt
66 Warren Street, Charleston, SC, 29403	$3,695,000	--	--	--

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ByOwner last updated this listing 06/23/2026 @ 05:20

MLS: 26002812 LISTED BY: Richard Callari, Birchin Lane Realty Advisors, LLC SOURCE: CHS Regional MLS