150 Spring St, Charleston, SC 29403
150 Spring St, Charleston, SC 29403
150 Spring St, Charleston, SC 29403
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Russ Whited

Russ Whited

+1(843) 200-9606
$4,099,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Contingency

Purchase Type For Sale

MLS Listing ID 31003810

Year Built 1872

Property Sub-Type Multi Family

Property Description

Premier Investment Opportunity in the heart of Charleston's legal STR/Short term accommodations overlay district. This meticulously renovated, multifamily property not only promises current substantial income return on your investment through Short-Term Rental (STR) but also offers the added potential of a vacant lot with entitlements for further development. This traditional yet modern two-story building where each of the two units offers luxury accommodations and stabilized income. The kitchens have professional-grade stainless steel appliances, striking gold finishes, custom white shaker cabinets, quartz countertops complemented by luxury hand-molded backsplashes. Each unit features walk-in tiled showers with frameless glass doors, and restored hard wood floors all carefully designed to amplify the property's inherent Charleston Southern Charm.Opportunities extend beyond the existing structures. Included in your purchase is a vacant rear lot with full entitlements to construct a detached two-story building. This expansion could encompass approximately 2,000 plus sq. ft., featuring four additional STR-approved bedrooms, each with its own en-suite bathroom. Complete architectural plans along with structural, civil, utility, sprinkler, stormwater plans and engineering plans will convey upon closing. Front units have commercial-grade fire alarm and R-13 sprinkler system. Whether you are drawn to the charm and history of Charleston or the allure of a lucrative STR venture, this property offers both immediate returns and significant growth potential.Income and expense sheet available upon request.

Location

State SC

County Charleston

Zoning City of Charleston - LB - Limited Business

Exterior

Parking Features Surface

Garage Spaces 4.0

Building

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Kristen Krause • Remax Executive

Nearby School & Business

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Russ Whited

Russ Whited

+1(843) 200-9606

Broker License ID: 30867

Broker License ID: 30867

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