Viewing Listing MLS# 26002821

$3,100,000 | 7 beds | 5 full baths | N/A half baths | 3,034 sqft

$3,100,000 No Recent Price Change
140 Spring Street
Charleston, SC 29403
  • 7Beds
  • 5Full Baths
  • N/AHalf Baths
  • 3,034SqFt
  • 1890Year Built
  • 0.08Acres
  • MLS# 26002821
  • Residential
  • Single Family Detached
  • Active


Overview

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.



Agriculture / Farm

Grazing Permits Forest Service:  No

Grazing Permits Private:  No

Grazing Permits Blm:  No

Farm Credit Service Incl:  No

Association Fees / Info

Bathroom Info

Fullbaths:  5

Building Info

Levels:  3 Stories

Year Built:  1890

Business Info

Buyer Compensation

Exterior Features

Style:  Victorian, Villa

Garage / Parking

Gar Pkg:  Off Street

Green / Env Info

Interior Features

Lot Info

Lot Size:  0.08

Lot Desc:  0 - .5 Acre

Lot Size Units:  Acres

Acres:  0.08

Lot Sqft:  3484.8

Irrigation Water Rights:  No

Offer Compensation

Other

Mobile Home Remains:  No

Property Info

Property Type:  A

Stories:  3

Property Subtype:  No

Building Area Units:  Square Feet

Home Warranty:  No

Habitable Residence:  No

Room Info

Beds:  7

Sale / Lease Info

Lease Renewal Option:  No

Lease Considered:  No

Lease Assignable:  No

Special Features

Sqft Info

Sqft:  3034

Unit Info

Utilities / Hvac

Water Source:  Public

Water Sewer:  Public Sewer

Waterfront / Water

Schools

Elem:  James Simons

Middle:  Simmons Pinckney

High:  Burke

Directions

Spring Street Between Rutledge And Kracke Street

Courtesy of listing office Birchin Lane Realty Advisors, LLC 

Mortgage Calculator

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On elizabethgroup.net since Fri, Jan 30th 2026
No Property History recorded for this listing.

Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than The Elizabeth Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 03-04-2026 8:27 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2026 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2026 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 03-04-2026 8:27 PM EST est.

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