Viewing Listing MLS# 26002821
Charleston, SC 29403
- 7Beds
- 5Full Baths
- N/AHalf Baths
- 3,034SqFt
- 1890Year Built
- 0.08Acres
- MLS# 26002821
- Residential
- Single Family Detached
- Active
- Approx Time on Market1 month, 2 days
- AreaHistoric Charleston
- CountyCharleston
- Subdivision Cannonborough-Elliotborough
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
Directions
Spring Street Between Rutledge And Kracke StreetCourtesy of listing office Birchin Lane Realty Advisors, LLC
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.
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