162 Spring Street, Charleston, SC 29403
- $5,200,000
- 12
- BD
- 10
- BA
- 5,881
- SqFt
- List Price
- $5,200,000
- Status
- ACTIVE
- Days on Market
- 67
- Price Change
- ▼ $100,000 1784927244
- MLS#
- 26014869
- Subtype
- Residential
- Style
- Contemporary
- Year Built
- 1880
- Bedrooms
- 12
- Bathrooms
- 10
- Full Baths
- 10
- Living Area
- 5,881
- Lot Size
- 9,583
- Acres
- 0.22
- Subdivision
- Cannonborough-Elliotborough
- Neighborhood
- Cannonborough-Elliotborough
- MLS Area Major
- 51 - Peninsula Charleston Inside of Crosstown
Property Description
Looking for that perfect investment property? Look no further than 162 Spring Street: a turnkey investment asset featuring twelve bedrooms, ten bathrooms, seven off-street parking spaces, and a triple-net-leased restaurant in the heart of Charleston's STR overlay. On pace for over $400,000 in gross revenue! Approximately 5,881 square feet across three separate buildings. All furniture and fixtures included in the sale . The property transfers with a proven rental revenue history and a sitting commercial tenant.The front building includes two, 2BR/2BA STR-licensed condos positioned behind a fully leased NNN commercial space. (Three units total)The middle building is a 4BR/3BA single-family home built in 2018.The perfect house to own downtown, that doesn't come with the deferred maintenance of a 100 year old historic home.The last building on the property is another 4BR/3BA home of matching construction vintage, equally equipped for short-term rental performance. Cannonborough-Elliotborough is the most-watched submarket on the peninsula -- Michelin-starred operators (Vern's, Chez Nous), independent retail along Spring and Upper King, and a guest demographic that skews higher-income and longer-stay than the City Market tourist corridor. The opportunity to acquire four fully licensed and operating short-term-rentals PLUS a restaurant space is a rare find here in Charleston.
Additional Information
- Interior Features
- Ceiling Fan(s)
- Property Description
- Contemporary
- Heating
- Central, Electric, Natural Gas
- Exterior Construction
- Vinyl Siding
- Stories
- 2
- Roof
- Metal
- Elementary School
- James Simons
- Middle School
- Simmons Pinckney
- High School
- Burke
Listing courtesy of Listing Agent: Mason Wright from Listing Office: Premier Realty.