On pace for over $400,000 in gross revenue! Introducing 162 Spring Street: a turnkey investment asset featuring twelve bedrooms, ten bathrooms, seven off-street parking spaces, and a triple-net-leased restaurant in the heart of Charleston's STR overlay. Approximately 5,881 square feet across three separate buildings. All furniture and fixtures included in the sale . The property transfers with a proven rental revenue history and a sitting commercial tenant.The front building includes two, 2BR/2BA STR-licensed condos positioned behind a fully leased NNN commercial space. (Three units total)The middle building is a 4BR/3BA single-family home built in 2018. The perfect house to own downtown, that doesn't come with the deferred maintenance of a 100 year old historic home.The last building on the property is another 4BR/3BA home of matching construction vintage, equally equipped for short-term rental performance.Cannonborough-Elliotborough is the most-watched submarket on the peninsula -- Michelin-starred operators (Vern's, Chez Nous), independent retail along Spring and Upper King, and a guest demographic that skews higher-income and longer-stay than the City Market tourist corridor. The opportunity to acquire four fully licensed and operating short-term-rentals PLUS a restaurant space is a rare find here in Charleston.
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Farm Credit Service Incl: No
Year Built: 1880
Interior Features: Ceiling Fan(s)
Lot Size: 0.22
Lot Size Units: Acres
Acres: 0.22
Lot Sqft: 9583.2
Irrigation Water Rights: No
Security Features: Fire Sprinkler System
Mobile Home Remains: No
Property Type: B
Exterior: Vinyl Siding
Roof: Metal
Property Subtype: No
Building Area Units: Square Feet
Home Warranty: No
Habitable Residence: No
Structure Type: Single Family Detached, Triplex
Beds: 12
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Unit Sqft: 1,608
Unit Sqft: 1,325
Unit Sqft: 1,608
Unit Sqft: 950
Sqft: 5881
Unit: A, B, C, D, E
Unit Bedrooms: 4
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 4
Water Source: Public
Utilities: Charleston Water Service, Dominion Energy
Heating: Yes
Heat: Central, Electric, Natural Gas
Water Sewer: Public Sewer
Cooling: Yes
Courtesy of listing office Premier Realty