162 Spring

Charleston SC 29403

 

162 Spring

About

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.

Specifications

  • Address:162 Spring
  • City, Zip:Charleston SC 29403
  • MLS #:26014816
  • Status:Active
  • Price:$5,300,000
  • Area:Peninsula Charleston Inside of Crosstown
  • Kind:Multi-Family
  • Subdivision:Cannonborough-Elliotborough
  • Sq Ft:5881
  • Year Built:1880
  • Beds:12
  • Interior:Ceiling Fan(s)

 

 

Carolina Life Real Estate & Auctions

Listed by: Charleston Premier Realty
(843) 509-3150

 

 

 

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