140 Spring Street #Abc, Charleston, SC 29403
Local realty services provided by:CENTURY 21 Signature Realty
140 Spring Street #Abc,Charleston, SC 29403
$3,100,000
- - Beds
- - Baths
- 3,034 sq. ft.
- Multi-family
- Active
Listed by: richard callari, jesse long
Office: birchin lane realty advisors, llc.
MLS#:26002812
Source:MI_NGLRMLS
Price summary
- Price:$3,100,000
- Price per sq. ft.:$1,021.75
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....
Contact an agent
Home facts
- Year built:1890
- Listing ID #:26002812
- Updated:May 01, 2026 at 03:13 PM
Rooms and interior
- Living area:3,034 sq. ft.
Structure and exterior
- Year built:1890
- Building area:3,034 sq. ft.
- Lot area:0.08 Acres
Schools
- High school:Burke
- Middle school:Simmons Pinckney
- Elementary school:James Simons
Finances and disclosures
- Price:$3,100,000
- Price per sq. ft.:$1,021.75
New listings near 140 Spring Street #Abc
- New
$649,000Active4 beds 3 baths2,234 sq. ft.742 Condon Drive, Charleston, SC 29412
MLS# 26012526Listed by: SALMONSEN REALTY - New
$999,000Active4 beds 4 baths2,964 sq. ft.2008 Riverbend Drive, Charleston, SC 29412
MLS# 26012527Listed by: TOLL BROTHERS REAL ESTATE, INC - New
$1,076,000Active5 beds 4 baths3,306 sq. ft.2019 Riverbend Drive, James Island, SC 29412
MLS# 26012530Listed by: TOLL BROTHERS REAL ESTATE, INC - New
$400,000Active0.56 Acres1733 Sailfish Drive, Johns Island, SC 29455
MLS# 26012533Listed by: CAROLINA ONE REAL ESTATE - New
$200,000Active0.24 Acres1729 Sailfish Drive, Johns Island, SC 29455
MLS# 26012534Listed by: CAROLINA ONE REAL ESTATE - Open Sun, 1 to 2:30pmNew
$695,000Active2 beds 2 baths782 sq. ft.381 Sumter Street, Charleston, SC 29403
MLS# 26012536Listed by: DUNES PROPERTIES OF CHAS INC - New
$620,000Active3 beds 3 baths2,442 sq. ft.3046 Grinnell Street, Johns Island, SC 29455
MLS# 26012538Listed by: DANIEL RAVENEL SOTHEBY'S INTERNATIONAL REALTY - Open Sat, 2 to 4pmNew
$460,000Active3 beds 2 baths1,572 sq. ft.606 Bramblewood Court, Charleston, SC 29414
MLS# 26012541Listed by: THE BOULEVARD COMPANY - New
$550,000Active3 beds 2 baths2,060 sq. ft.1365 Ashley Garden Boulevard, Charleston, SC 29414
MLS# 26012550Listed by: AGENTOWNED REALTY CHARLESTON GROUP - New
$898,000Active3 beds 4 baths2,696 sq. ft.5144 Coral Reef Drive, Johns Island, SC 29455
MLS# 26012517Listed by: ERA WILDER REALTY INC