132 Spring St - Storefront Retail/Residential FOR SALE


Charleston, SC 29403- Cannonborough-Elliottborough
$3,350,000 USD
843-300-8251
132 Spring St, Charleston, SC for Sale
$3,350,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | Request Cap Rate


HIGHLIGHTS

  • Heavy Foot Traffic
  • In the heart of the Short Term Overlay / Hospitality District
  • Zoned Limited Business
  • Highly Flexible Investment Opportunity
  • Strong Short Term Rental History and Rating

OVERVIEW

Located on a highly visible corner in the heart of downtown Charleston's Elliotborough hospitality and short-term rental overlay, 132 Spring Street is a flagship mixed-use property offering endless opportunities and upside investment potential. There is an amazing commercial/restaurant/retail space on the ground floor (currently leased). Two fully renovated residential units each have their own private entrance, original hardwood flooring and beautifully high ceilings. Unit B is located on the second floor and offers one bedroom and one bathroom with a beautifully appointed kitchen and living area. Unit D is a spacious and beautifully renovated three-bedroom, two-bathroom apartment with a grand living space and kitchen on the second floor and bedrooms located on the third floor. Both residential units stay consistently booked with short term renters due to the ideal location, inherent charm and extremely appealing living space to enjoy. Since completion of the building's full high-end renovation in 2016, 132 Spring Street has offered numerous avenues of stable, solid revenue year after year. The property also includes two off-street parking spaces along Ashley Avenue. Financials/numbers on short-term rental history available upon request.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$1,524 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highly Flexible Multi-Use Investment Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,850 SF

ZONING

Limited Business / STR

APN/PARCEL ID

460-11-02-051

ASK ABOUT THIS PROPERTY

Bradley ThompsonWilliam Means Real Estate, LLCMore Info
843-300-8251

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Bradley ThompsonWilliam Means Real Estate, LLCMore Info
843-300-8251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.