150 Spring St, Unit A&B And C Vacant Lot, Charleston, SC 29403
$4,099,000
Property Type:
Commercial Sale
Square Footage:
4,469
Status:
Active Contingent
Current Price:
$4,099,000
List Date:
7/12/2024
Last Modified:
7/02/2026
Listing Details MLS# 31003810
Location
- Street Number
- 150
- Street Name
- Spring St
- Unit Number
- Unit A&B And C Vacant Lot
- County
- Charleston
- Nearest MSA
- Charleston-North Charleston, SC
- Submarket/Township
- 51 - Peninsula Charleston Inside of Crosstown
- State or Province
- SC
- Postal Code
- 29403
- Parcel Number
- 4601102080
- Opportunity Zone
- No
General Information
- Property Sub Type
- Multi Family
- Secondary Sub-Type
- Hospitality
- Tertiary Sub-Type
- Special Purpose
- Listing Name
- Multifamily Investment Opportunity- STR and Vacant Lot Development
- Property Condition
- Existing
- Number of Units Total
- 2
- Building Area Total
- 4469
- Typical SqFt Per Floor
- 2265
- Smallest Parcel Available
- 1718
- Zoning
- City of Charleston - LB - Limited Business
- Property Visibility
- Excellent
- List Price/Acre
- 25625000
- List Price/SqFt
- 917.21
- For Comp Purposes Only
- No
- Opt In to Crexi?
- Yes
Contract Information
- Listing Contract Date
- 2024-07-11
- Original List Price
- 4100000
- Tax Legal Description
- 150 Spring St
Building Related
- General Condition
- Excellent
- Stories Total
- 2
- Year Built
- 1872
- Year Renovated
- 2021
- Parking Total
- 4
- Number Of Buildings
- Yes
Land Related
- Frontage Length
- 43'
- Lot Depth
- 173'
- In Flood Plain?
- No
Status Change Info
- Status Change Date
- 2024-08-30
- Under Contract Date
- 2024-08-30
- Contingent
- Active Contingent
More Information
Auction Details
- Auction
- No
Area and Location
- Airports
- Charleston International Airport
- Highway Access
- 26 and 526
- Property Located Between
- Near King Street
Directions & Remarks
- Directions
- From the corner of King Street and Spring St, drive on Spring St towards Rutledge, property is on the right hand side.
- Public Remarks
- 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.
Property Sub Type
- Hospitality
- Yes
- Multi Family
- Yes
- Special Purpose
- Yes
Roof
- Metal
- Yes
Current Use
- Multi-Family
- Yes
- Residential
- Yes
Structure Type
- Free Standing
- Yes
- Multi Family
- Yes
Association Amenities
- Parking
- Yes
Construction Materials
- Wood Siding
- Yes
Parking Type
- Surface
- Yes
Heating
- Central
- Yes
- Varies by Unit
- Yes
Cooling
- Central Air
- Yes
- Varies by Unit
- Yes
Lot Features
- Level
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Property Features
Property Sub Type:
Hospitality; Multi Family; Special Purpose
Current Use:
Multi-Family; Residential
Structure Type:
Free Standing; Multi Family
Association Amenities:
Parking
Roof:
Metal
Construction Materials:
Wood Siding
Parking Type:
Surface
Heating:
Central; Varies by Unit
Cooling:
Central Air; Varies by Unit
Lot Features:
Level
Road Frontage Type:
City Street
Road Surface Type:
Paved
Water Source:
Public
Sewer:
Public Sewer
Listing Terms:
Cash; Conventional
Documents
Updated Survey ›
Listing Office:
Remax Executive
Last Updated: July - 02 - 2026
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