Under Contract

241 East Bay Street

Charleston, SC 29401

$5,100,000 $21,501/Mo

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Description

Beautifully restored and well maintained, this 4 unit masonry structure is located in the center of the Historic District, one block from the City Market, surrounded by fine restaurants and shopping. The property also includes its own parking with 9 spaces onsite. Zoned General Business and located within the accommodation zone, approval for 4 unit accommodations, currently operating as the Charleston Chestnut Mansion, a 4 unit short term rental. This versatile property can operate as short term or long term rentals, or offices giving one flexible use into the future depending upon market needs, especially with its corner location on East Bay and Guignard Streets. All 4 units are completely updated and furnished with bookings well into the future. Each unit has a separate entrance. The fir st floor has two 2 BD units at 1,400 SQFT each. The second floor is over 3,300 SQFT, with 3 BDs, 3BAs, and elevator access. The third level spans the upper floor with over 2,100 SQFT and 2 BDs. Originally 2 separate structures, with the original built in 1871 (241 East Bay), a later addition at 243 East Bay was added during the 1986 Restoration. Comprehensive renovations from 2015 to 2021, including mechanical systems, windows, interior updates. Gross income 2025 - $588,061. Showings limited due to bookings. This property is turnkey and ready to go!

Property Details

Property Type : Residential Income

Price : $5,100,000

AD Id : 75661319

MLS Id : 31008052

Year Built : --

County : Charleston

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Building Information

Building Area Total: 9876 Private Pool: No

Listing Price Information

Listing Price: $5100000 Original Price: $5500000

Tax Information

Parcel Number: 458-05-03-031

Parking Information

Parking Total: 9

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
106 Church Street #STE A, Charleston, SC, 29401	$899,000	--	--	--
31 & 29 Coming Street A.., Charleston, SC, 29401	$7,700,000	--	--	--
176-178 Broad Street, Charleston, SC, 29401	$4,695,000	--	--	--

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IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

ByOwner last updated this listing 06/20/2026 @ 10:59

MLS: 31008052 LISTED BY: , SOURCE: South Carolina Statewide Commercial MLS