114 Spring Street, Charleston, SC 29403
Local realty services provided by:Better Homes and Gardens Real Estate Palmetto
Listed by: tift mitchell
Office: tift properties
MLS#:26011252
Source:SC_CTAR
114 Spring Street,Charleston, SC 29403
$5,600,000
- - Beds
- - Baths
- 6,735 sq. ft.
- Multi-family
- Active
Price summary
- Price:$5,600,000
- Price per sq. ft.:$831.48
About this home
114 Spring Street presents a rare opportunity to acquire a fully renovated, mixed-use investment asset in the heart of downtown Charleston. This turnkey property features multiple income streams, anchored by a successful triple net leased restaurant operating on a 10-year lease with built-in annual rent escalations, providing a highly stable and passive income foundation. Complementing the commercial component are two high-performing short-term rental apartments, creating additional upside and diversified revenue. The property is located within the City of Charleston's Accommodation Overlay Zone, further enhancing its long-term value and flexibility for short-term rental operations. Recognized as a Historic Charleston Foundation/Historic Caropolis award-winning building, the asset hasundergone a substantial upfit and restoration, thoughtfully preserving its historic character while incorporating modern, high-end finishes throughout. The income profile is driven by the stability of the long-term restaurant lease, allowing an investor to benefit from predictable, low-management cash flow, while the short-term rental units provide meaningful supplemental income and the ability to grow revenues through dynamic pricing and operational efficiencies. As outlined in the pro forma operating summary, the asset demonstrates strong gross income generation across both residential and commercial components, supported by a balanced expense structure. Strategically positioned on Spring Street--one of Charleston's most desirable and high-traffic corridors--the property benefits from exceptional walkability and immediate access to some of the city's top dining, retail, and entertainment destinations. The combination of premier location, award-winning historic significance, accommodation zoning advantages, and diversified yet restaurant-anchored income streams makes 114 Spring Street a compelling investment for buyers seeking both immediate returns and long-term appreciation in one of the Southeast's most resilient real estate markets....
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Home facts
- Year built:1870
- Listing ID #:26011252
- Added:4 day(s) ago
- Updated:April 25, 2026 at 02:32 PM
Rooms and interior
- Living area:6,735 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1870
- Building area:6,735 sq. ft.
- Lot area:0.07 Acres
- Levels:4 Story
Schools
- High school:Burke
- Middle school:Simmons Pinckney
- Elementary school:Mitchell
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,600,000
- Price per sq. ft.:$831.48
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