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Robin McKenzie

robin@charlestonarealiving.com +1(843) 469-2623

Listed by Birchin Lane Realty Advisors, LLC

$3,100,000

Est. payment - /mo

7 Beds

5 Baths

3,034 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,034 sqft

Price per Sqft $1,021

Subdivision Cannonborough-Elliotborough

MLS Listing ID 26002821

Bedrooms 7

Full Baths 5

HOA Y/N No

Year Built 1890

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Single Family Detached

Property 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 one 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.

Location

State SC

County Charleston

Area 51 - Peninsula Charleston Inside Of Crosstown

Exterior

Parking Features Off Street

Building

Lot Description 0 - .5 Acre

Story 3

Sewer Public Sewer

Water Public

Architectural Style Victorian, Villa

Level or Stories 3 Stories

New Construction No

Schools

Elementary Schools James Simons

Middle Schools Simmons Pinckney

High Schools Burke

Others

Acceptable Financing Any

Listing Terms Any

Financing Any

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Nearby School & Business

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Robin McKenzie

+1(843) 469-2623

Broker Associate License ID: 67034

140 Spring St Charleston, SC 29403

Robin McKenzie

Key Details

Location

Exterior

Building

Schools

Others

Nearby School & Business

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