109 - 117 Spring St

Charleston SC 29403

$8,500,000 - Commercial Sale

Listing # 30623127

Remarks

The current opportunity presents a variety of development opportunities otherwise unavailable in downtown Charleston, SC just two blocks from historic King Street. With a comfortable and safe urban setting built for the upscale shopper, tourist or local, Spring Street has become the most unique and vibrant corridor in downtown Charleston, SC. This unique portfolio of contiguous parcels is located in Charleston’s Short-Term Overlay District, which accounted for more than half of all short-term rentals in the state of South Carolina in 2018. Additionally, Charleston, SC in recent years has been recognized as a top wedding destination and consistently sees strong wedding-related activity tourism primarily in the Downtown region. Consequently, the portfolio is one door down from Cannon Green, one of downtown Charleston’s premier wedding and event spaces, which would provide a strong opportunity to form a built-in customer base for both hotel and/or short-term rental uses. The accompanying feasibility study provided by local firm LS3P Architects shows a variety of options for a true mixed-use development, featuring retail, hotel, multi-family and short-term rental uses with the required parking. Please call for details!

Basic Features

  • Acres: 0.710
  • Area: Peninsula Charleston Inside of Crosstown
  • City Name: Charleston
  • County: Charleston
  • State: SC
  • Property Type: Multi-Family
  • Postal Code: 29403

Additional Features

  • Date Modified: 2021-04-21T10:52:55
  • Landsize Units: AcreAcre
  • Property Status: Existing
  • Status: Active
  • Sale Price Min: $8,500,000
  • Sale Price Min Total: $8,500,000
  • Tax Id: 460-08-03-076, 077, 078
  • Title: UNIQUE SPRING STREET DEVELOPMENT OPPORTUNITY

Property Subtype

  • Duplex/Fourplex
  • Low-Rise/Garden
  • Mixed Use
  • Student Housing
  • Other