140 Spring Street Abc, Charleston, SC 29403 (MLS# 26002812)


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140 Spring Street Abc, Charleston, SC 29403

$3,100,000
Property Type: MultiFamily Square Footage: 3,034 Lot Size (sq. ft.): 3,485 Status: Active
Current Price: $3,100,000 List Date: 1/30/2026 Last Modified: 2/08/2026

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.

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.

More Information MLS# 26002812

Contract Info

Primary Structure List Price/SqFt: 1021.75 MLS List Date: 2026-01-30 Status: Active List Price: $3,100,000 Current Price: $3,100,000

Location, Tax & Legal

Unit #: Abc Legal Description: 140 Spring Street 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: 72 - City of Charleston Subdivision: Cannonborough Elementary School: James Simons Middle School: Simmons Pinckney High School: Burke

General Property Info

Potential Short Sale: No Other Structures Y/N: No Primary Structure Apx SqFt: 3034 Year Built: 1890 Acreage: 0.08

Office/Member Info

Seller Concessions Negotiable Y/N: Yes

SqFt Source

Previous Listing: 1

Architectural Style

Triplex: 1

New Owned/Pre-owned

Pre-Owned: 1

Amenities

Pool: 1

Sale Includes

All Furniture: 1

Proposed Financing

Any: 1 Cash: 1

Possession

Tenants Rights: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Property Features

SqFt Source: Previous Listing Architectural Style: Triplex Amenities: Pool Sale Includes: All Furniture Proposed Financing: Any; Cash Possession: Tenants Rights
Listing Office: Birchin Lane Realty Advisors, LLC
IDX
Last Updated: February - 08 - 2026
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


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