Viewing Listing MLS# 31000686

$16,000,000 | N/A beds | N/A full baths | N/A half baths | 15,103 sqft

$16,000,000 Increase +$1,000,000
109 - 117 Spring Street
Charleston, SC 29403
  • $1,059.39Price per SqFt
  • 15,103SqFt
  • 484Days on Market
  • N/AZoning
  • 1971Year Built
  • Multi FamilyUse
  • MLS# 31000686
  • Commercial Sales
  • Multi Family
  • Active

  • Approx Time on Market1 year, 3 months, 26 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

SELLER FINANCING AVAILABLE for this rare opportunity to purchase four contiguous sites in the heart of downtown on a major thoroughfare! This portfolio offers 5 multifamily properties and 1 commercial building. These are high performing monthly rentals in the highly sought after Cannonborough-Elliotborough neighborhood with ample off-street parking. It is ideal for STRs as it sits in the STR Overlay Zone. The possibilities are endless, as they may be operated as-is, renovated or redeveloped. All in walking distance to MUSC, the College of CHS and only 3 blocks from the shops and restaurants on King Street! Entire site is highly visible, at the corner of Spring Street and Rutledge Avenue. Almost 3/4s of an acre available for redevelopment.



Building Info

Anchored:  No

Year Built:  1971

Financial

Garage / Parking

Parking Type:  Surface

Lot Info

County:  Charleston

Land Size:  0.72

Misc

Title:  109, 111 1/2, 115, 117 Spring Street Properties

Offer Compensation

Property Info

Second Property Subtype:  Multi Family, Office, Retail

Zoning:  City of Charleston - LB - Lim

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Cash, Conventional, Owner Will Carry, Private Financing Available

Property Type:  A

Original Price:  $16,000,000

Property Use Type:  Commercial, Mixed Use, Multi-Family

Class Type:  Multi Family

Sold Info

Sqft Info

Rentable Area:  15103

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Directions

Going south on Spring Street, properties are on the left, starting at the home at 109 Spring to the commercial building on the corner at 117 Spring Street.

Courtesy of listing office Engel & Volkers Charleston 

Mortgage Calculator

%
$
%
Dollars per $1000
$
Approximate Monthly Payment 0.0
Price & Status History (on constantproperties.com since Wed, Mar 22nd 2023)
  • Original Price: $16,000,000
  • Current Price: $16,000,000
  • Price Reduced: $0
Date ChangedFromTo
10/05/2023$15,000,000 $16,000,000 Increase by $1,000,000
09/05/2023$16,000,000 $15,000,000 Reduced by $1,000,000
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 Constant 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 07-18-2024 11:45 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 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 07-18-2024 11:45 PM EST est.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.


This real estate website and IDX data is hosted by Dynamic IDX, LLC (843.637.2411)

Send us a message: