(864) 362-2375
#Abc 140 Spring Street
$3,100,000

#Abc 140 Spring Street, Charleston, SC 29403

3,034SQFT
0.08Acres
1890YearYear Built

About This Home

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.

Location

Key Facts

Status: Active
Type: Residential Income
Neighborhood: Cannonborough
HOA Fees: Not provided
MLS: Charleston
MLS #: 26002812

Features

Triplex
All Furniture

Mortgage Calculator

$15,675Estimated monthly payment

Principal & interest only. Estimate for informational purposes — excludes taxes, insurance, and HOA dues.

History

Current list price: $3,100,000
Status: Active — For Sale
Days on market: 249
Last updated: Oct 6, 2026

Schools

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Listing courtesy of Birchin Lane Realty Advisors, LLC
Source MLS #: 26002812
Last updated: Oct 6, 2026
Listing data is provided for consumers' personal, non-commercial use and may not reflect all real-estate activity in the market. Information is deemed reliable but is not guaranteed.