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162 Spring St, Charleston, SC 29403
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162 Spring St, Charleston, SC 29403
162 Spring St, Charleston, SC 29403
162 Spring St, Charleston, SC 29403
162 Spring St, Charleston, SC 29403
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Coastal Carolina Group

Coastal Carolina Group

Innovate Real Estate-Coastal Carolina Group

Listed by   Premier Realty
$ 5,300,000
Est. payment /mo
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162 Spring St Charleston, SC 29403

12 Beds

10 Baths

5,881 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

Purchase Type For Sale

Square Footage 5,881 sqft

Price per Sqft $901

Subdivision Cannonborough-Elliotborough

MLS Listing ID 26014869

Bedrooms 12

Full Baths 10

HOA Y/N No

Year Built 1880

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Single Family Detached

Property Description

Looking for that perfect investment property? Look no further than 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.

Location

State SC

County Charleston

Area 51 - Peninsula Charleston Inside Of Crosstown

Interior

Interior Features Ceiling Fan(s)

Heating Central, Electric, Natural Gas

Exterior

Utilities Available Charleston Water Service, Dominion Energy

Roof Type Metal

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools James Simons

Middle Schools Simmons Pinckney

High Schools Burke

Others

Acceptable Financing Any, Cash, Conventional, 1031 Exchange

Listing Terms Any, Cash, Conventional, 1031 Exchange

Financing Any,Cash,Conventional,1031 Exchange

Nearby School & Business

Coastal Carolina Group

Coastal Carolina Group

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