USASCCharlestonCannonborough140 Spring St

140 Spring St, Charleston, SC

Name: 140 Spring St, For Sale in Charleston - eXp Realty
Brand: Birchin Lane Realty Advisors, LLC
SKU: 26002821
Price: 3100000 USD

House

For Sale

Listed price in listed location currency (USD).

$3,100,000

750

MLS® 26002821

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage No

Taxes $28,052

Days Active 44

Lot Size 0.08 acres

Approx. Age 1890

MLS® Number 26002821

Property Address: 140 Spring St, Charleston, SC, 29403-6731

Average square foot calculated using Size range provided by listing agent.

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.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.

MLS® Number26002821

Laundry Level

Central VacNo

FireplaceNo

Acreage0.08

Exterior

GarageNo

Approx. Age1890

Basement

DrivewayOff Street

Garage Spaces0

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 30, 2026List Date

$3,100,000List Price

Commute

Commute

Starting Address

Destination Address

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