(864) 362-2375
$3,100,000
140 Spring Street, Charleston, SC 29403
7Beds
5Baths
3,034SQFT
0.08Acres
1890YearYear Built
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.
Location
Key Facts
Status: Active
Type: Residential
Neighborhood: Cannonborough-Elliotborough
Annual Taxes: $28,052
HOA Fees: Not provided
MLS: Charleston
MLS #: 26002821
Features
Single Family Residence
Mortgage Calculator
$15,675Estimated monthly payment
Principal & interest only. Estimate for informational purposes — excludes taxes, insurance, and HOA dues.
History
Current list price: $3,100,000
Status: Active — For Sale
Days on market: 9
Last updated: Feb 8, 2026
Schools
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Listing courtesy of Birchin Lane Realty Advisors, LLC
Source MLS #: 26002821
Last updated: Feb 8, 2026
Listing data is provided for consumers' personal, non-commercial use and may not reflect all real-estate activity in the market. Information is deemed reliable but is not guaranteed.