114 Spring St, Charleston, SC 29403
114 Spring St, Charleston, SC 29403
114 Spring St, Charleston, SC 29403
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Scott Wean

Scott Wean

+1(843) 364-3360
Listed by   Tift Properties
$5,600,000
Est. payment /mo
6,735 SqFt
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Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,735 sqft

Price per Sqft $831

Subdivision Cannonborough-Elliotborough

MLS Listing ID 26011252

HOA Y/N No

Year Built 1870

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Other

Property Description

114 Spring Street presents a rare opportunity to acquire a fully renovated, mixed-use investment asset in the heart of downtown Charleston. This turnkey property features multiple income streams, anchored by a successful triple net leased restaurant operating on a 10-year lease with built-in annual rent escalations, providing a highly stable and passive income foundation. Complementing the commercial component are two high-performing short-term rental apartments, creating additional upside and diversified revenue. The property is located within the City of Charleston's Accommodation Overlay Zone, further enhancing its long-term value and flexibility for short-term rental operations. Recognized as a Historic Charleston Foundation/Historic Caropolis award-winning building, the asset hasundergone a substantial upfit and restoration, thoughtfully preserving its historic character while incorporating modern, high-end finishes throughout. The income profile is driven by the stability of the long-term restaurant lease, allowing an investor to benefit from predictable, low-management cash flow, while the short-term rental units provide meaningful supplemental income and the ability to grow revenues through dynamic pricing and operational efficiencies. As outlined in the pro forma operating summary, the asset demonstrates strong gross income generation across both residential and commercial components, supported by a balanced expense structure. Strategically positioned on Spring Street--one of Charleston's most desirable and high-traffic corridors--the property benefits from exceptional walkability and immediate access to some of the city's top dining, retail, and entertainment destinations. The combination of premier location, award-winning historic significance, accommodation zoning advantages, and diversified yet restaurant-anchored income streams makes 114 Spring Street a compelling investment for buyers seeking both immediate returns and long-term appreciation in one of the Southeast's most resilient real estate markets.

Location

State SC

County Charleston

Area 51 - Peninsula Charleston Inside Of Crosstown

Interior

Heating Central, Forced Air

Cooling Central Air

Laundry Washer Hookup

Exterior

Parking Features Other

Roof Type Metal

Building

Dwelling Type Other

Story 4

Sewer Public Sewer

Water Public

Structure Type Masonite,Wood Siding

New Construction No

Schools

Elementary Schools Mitchell

Middle Schools Simmons Pinckney

High Schools Burke

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash,Conventional,1031 Exchange

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Scott Wean

Scott Wean

+1(843) 364-3360

Agent | License ID: 103263

Agent License ID: 103263

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114 Spring St