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140 Spring Street Abc, Charleston, SC 29403
Overview
Description
Supplements: … (Read more) 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.
Listing Details MLS# 26002812
Location, Tax & Legal
- Tax Map #
- 4601102055
- Street #
- 140
- Street Name
- Spring
- Street Suffix
- Street
- County
- Charleston
- State
- SC
- Zip Code
- 29403
- Area
- 51 – Peninsula Charleston Inside of Crosstown
- Tax District
- 72 – City of Charleston
- Subdivision
- Cannonborough
- Elementary School
- James Simons
- Middle School
- Simmons Pinckney
- High School
- Burke
- Unit #
- Abc
- Legal Description
- 140 Spring Street
Contract Info
- MLS List Date
- 2026-01-30
- Primary Structure List Price/SqFt
- 1021.75
General Property Info
- Primary Structure Apx SqFt
- 3034
- Year Built
- 1890
- Acreage
- 0.08
- Potential Short Sale
- No
- Other Structures Y/N
- No
Office/Member Info
- Seller Concessions Negotiable Y/N
- Yes
SqFt Source
- Previous Listing
- Yes
Architectural Style
- Triplex
- Yes
More Information
New Owned/Pre-owned
- Pre-Owned
- Yes
Amenities
- Pool
- Yes
Sale Includes
- All Furniture
- Yes
Proposed Financing
- Any
- Yes
- Cash
- Yes
Possession
- Tenants Rights
- Yes
Water/Sewer
- Public Sewer
- Yes
- Public Water
- Yes
Property Features
Documents
Seller Disclosure ›