Rental Income

162 Spring Street, Charleston

$5,300,000

Bedroom 12 bedrooms

  • MLS #: 26014816
  • Address: 162 Spring Street, Charleston, SC 29403
  • City: Charleston
  • County: Charleston
  • Status: Active
  • Subdivision: Cannonborough-Elliotborough
  • Data Source: Charleston Trident MLS (CTARMLS)
  • Listing Office: Premier Realty

Property Description Property Description
Introducing 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. 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.

Interior Features Interior Features
  • Heat System: Central, Electric, Natural Gas

Exterior Features Exterior Features
  • Roof: Metal

Additional Features Additional Features
  • County: Charleston
  • Water/Sewer: Public Sewer
  • Year Built: 1880
  • Elementary School: James Simons
  • Middle Or Junior School: Simmons Pinckney
  • High School: Burke

Location Location