• $8,500,000
    Increase +$8,499,999
  • 109 - 117 Spring St
    Charleston, SC 29403
N/APrice per SqFt
N/ASqFt
102Days on Market
N/AZoning
N/AYear Built
Multi-FamilyUse
460-08-03-076, 077, 078Tax ID
  • MLS# 30623127
  • Commercial Sales
  • Multi-Family
  • Active

AreaHistoric Charleston
CountyCharleston

Agent 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!


Building Info

Year Built Date:  1,971

Financial

Sale Terms:  Undisclosed

Sale Price Max Total:  $8,500,000

Sale Price Min Total:  $8,500,000

Lot Info

Acres:  0.71

Landsize Units:  Acre

Misc

Use Type:  Investment, Vacant/Owner-User, Business

Property Info

Msa:  Charleston-North Charleston

Title:  UNIQUE SPRING STREET DEVELOPMENT OPPORTUNITY

County:  Charleston

Property Subtype:  Duplex/Fourplex, Low-Rise/Garden, Mixed Use, Student Housing, Other

Sale / Lease Info

Sqft Info

Size Rentable Sf:  31,057

Tax Info

Courtesy of listing office Lee & Associates - Charleston 

Mortgage Calculator

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Price & Status History (on robertsonhowland.com since Mon, Nov 23rd 2020)
  • Original Price: $1
  • Current Price: $8,500,000
  • Price Increased: $8,499,999
Date ChangedFromTo
09/16/2020$1 $8,500,000 Increase by $8,499,999
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Robertson Howland Properties are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 03-05-2021 7:10 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2021 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2021 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 03-05-2021 7:10 PM EST est.

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