$5,300,000
114 Spring Street
Charleston, SC 29403
MLS# 26011252
6735 sqft


114 Spring Street, Charleston, SC 29403
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114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403 114 Spring Street, Charleston, SC 29403

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 has

Details
Contract Info
MLS List Date: 2026-04-20
Status: Active
List Price: $5,300,000
Current Price: $5,300,000
Primary Structure List Price/SqFt: 786.93
Location Tax Legal
Tax Map #: 4601102010
Street #: 114
Street Name: Spring
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Cannonborough-Elliotborough
Elementary School: Mitchell
Middle School: Simmons Pinckney
High School: Burke
General Property Info
Number of Units: 4
# Stories: 4
Primary Structure Apx SqFt: 6735
Year Built: 1870
Acreage: 0.07
Potential Short Sale: No
Other Structures Y/N: No
Income Expenses Fees
Annual Expenses: 83000
Net Income: 282400
Property Features
SqFt Source: Hired Measurement
Roof: Metal
Exterior: Masonite; Wood Siding
Architectural Style: Other
Cooling: Central Air; Heat Pump
Heat: Central; Forced Air
Sale Includes: Some Furniture
Proposed Financing: Cash; Conventional Loan; Exchange
Possession: Negotiable; Tenants Rights
Supplements
undergone 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.

Listing Office: Tift Properties

Last Updated: June - 04 - 2026

114 Spring Street, Charleston, SC 29403 - MLS# 26011252

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About Me

Josiah Williams was born and raised in the Holy City and loves everything the city has to offer. He believes Charleston has something to offer for everyone; whether you enjoy the outdoors, amazing cuisine or the deep history embedded within this great city.

Contact Info

Josiah Williams Real Estate

3103 Ion Avenue
Sullivan’s Island, SC 29482

Direct: 843.860.0858
Fax: 843.881.0824