114 Spring Street, Charleston, SC 29403
New Listing
$5,600,000
Property Type:
MultiFamily
Square Footage:
6,735
Lot Size (sq. ft.):
3,049
Status:
Active
Current Price:
$5,600,000
List Date:
4/20/2026
Last Modified:
4/20/2026
Overview
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
Supplements: ... (Read more)
Listing Details MLS# 26011252
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
- Legal Description
- 223 Rutledge & Spring
Contract Info
- MLS List Date
- 2026-04-20
- Primary Structure List Price/SqFt
- 831.48
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
Income, Expenses & Fees
- Gross Income
- 365440
SqFt Source
- Hired Measurement
- Yes
More Information
Roof
- Metal
- Yes
Exterior
- Masonite
- Yes
- Wood Siding
- Yes
Garage/Parking
- Other (Use Remarks)
- Yes
Architectural Style
- Other
- Yes
New Owned/Pre-owned
- Pre-Owned
- Yes
Equipment/Appliances
- Disposal
- Yes
- Electric Double Oven
- Yes
- Electric Range
- Yes
- Fire Sprinkler
- Yes
- Microwave
- Yes
- Range Hood
- Yes
- Refrigerator
- Yes
- Stacked Washer/Dryer
- Yes
- Washer
- Yes
- Washer Hookup
- Yes
Cooling
- Central Air
- Yes
- Heat Pump
- Yes
Heat
- Central
- Yes
- Forced Air
- Yes
Sale Includes
- Some Furniture
- Yes
Proposed Financing
- Cash
- Yes
- Conventional Loan
- Yes
- Exchange
- Yes
Possession
- Negotiable
- Yes
- Tenants Rights
- Yes
Water/Sewer
- Public Sewer
- Yes
- Public Water
- Yes
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
Listing Office:
Tift Properties
Last Updated: April - 20 - 2026
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