140 Spring St, Charleston
Charleston, 29403 Charleston city
$3,100,000
Location
Description
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.
Bedrooms
- Bedrooms: 7
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Land Info
- Lot Description: 0 - .5 Acre
- Lot Size Acres: 0.08
- Lot Size Square Feet: 3485
Garage and Parking
- Parking Features: Off Street
School Information
- Elementary School: James Simons
- High School: Burke
- Middle School: Simmons Pinckney
Other Property Info
- Source Listing Status: Active
- County: Charleston
- Source Property Type: Residential
- Area: 51 - Peninsula Charleston Inside of Crosstown
- Source Neighborhood: Cannonborough-Elliotborough
- Subdivision: Cannonborough-Elliotborough
- Property Subtype: Single Family Detached
Building and Construction
- Year Built: 1890
- Building Area Total: 3034
- Levels: 3 Stories
- Property Age: 136
- Property Attached: No
- Property Condition: Pre-Owned
- Levels or Stories: 3
- Architectural Style: Victorian, Villa
Price History
Listed at $3,100,000 on 2026-04-05. No price changes recorded yet.
41/100
| Price |
|
0 |
| House Size |
|
100 |
| Yard Size |
|
28 |
| Features |
|
40 |
| Flood Risk |
|
50 |
| Year Built |
|
30 |
| Single Story |
|
50 |
| Price/Sqft |
|
5 |
| Days on Market |
|
50 |
| HOA Fee |
|
70 |
| Near Medical |
|
40 |
| Near Grocery |
|
40 |
| Community Pool |
|
20 |
| Property Tax |
|
74 |
| Lot Ratio |
|
23 |
| Price Trend |
|
50 |
| Walkability |
|
40 |
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| Source | Realtor |
| First Seen | Mar 02, 2026 |
| Last Updated | Apr 05, 2026 |
| Status | Active |