140 Spring Street, Charleston, SC 29403 (MLS# 26002821)

$3,100,000

140 Spring Street
Charleston, SC 29403
MLS# 26002821
7 beds | 5 baths | 3034 sqft

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Property 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.

Details

Documents

Contract Info

Sub-Type: Single Family Detached

MLS List Date: 2026-01-30

Status: Active

List Price: $3,100,000

Current Price: $3,100,000

Primary Structure List Price/SqFt: 1021.75

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: 71 - City of Charleston

Subdivision: Cannonborough-Elliotborough

Elementary School: James Simons

Middle School: Simmons Pinckney

High School: Burke

Directions: Spring Street between Rutledge and Kracke Street

General Property Info

Bedrooms: 7

Primary Bedroom – Main Level: Yes

Baths - Full: 5

Baths - Total: 5

Ground Level: No

Stories: 3

Primary Structure Apx SqFt: 3034

Lot Size: .08

Ownership: Fee Simple

Year Built: 1890

Acreage: 0.08

Other Structures Y/N: No

Potential Short Sale: No

HOA Fee: No

Property Features

SqFt Source: Previous Listing

SF Detached Style: Victorian; Villa

Lot Description: 0 - .5 Acre

New Owned: Pre-Owned

Proposed Financing: Any

Assumable: No

Supplements

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 Office: Birchin Lane Realty Advisors, LLC

Last Updated: February - 08 - 2026

140 Spring Street, Charleston, SC 29403 - MLS# 26002821

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