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109 - 117 Spring St

Charleston, SC 29403
  • $8,500,000
  • STATUS: Active
  • ON SITE: 555 Days
  • ID#: 30623127
$8,500,000
  • 0
    BEDS
  • 0.71
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Description

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 Charlestons 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 Charlestons 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!

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www.explorecharlestonrealestate.com/homes/107656852
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109 - 117 Spring St Charleston, SC 29403

  • Price: $8,500,000
  • Status: Active
  • On Site: 555 Days
  • ID#: 30623127
0
Beds
0
Baths
0
½ Baths
0.71
Acres
Neighborhood:
Charleston Peninsula - Below Crosstown
County:
Charleston
Area:
Charleston Peninsula - Below Crosstown
Property Description
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 Charlestons 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 Charlestons 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!
Exterior Features

Land Size Min 0.710 Land Size Units Acre

Property Features

Property Status Existing Property Sub Type Duplex/FourplexLow-Rise/GardenMixed UseStudent HousingOther Property Type Multi-Family Sale Price Min 8500000.00 Title Unique Spring Street Development Opportunity

Listing courtesy of Lee & Associates - Charleston.
 
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Scott Baskin Team | Keller Williams Realty
1180 Sam Rittenberg Blvd., Suite 105
Charleston SC, 29407