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MLS# 30356148 | Charleston Commercial Sales

$2,250,000 | N/A beds | N/A full baths | N/A half baths | 4,438 sqft

$2,250,000
201 Ashley Avenue
Charleston, SC 29403
  • $506.99Price per SqFt
  • 4,438SqFt
  • 423Days on Market
  • N/AZoning
  • 1832Year Built
  • HospitalityUse
  • MLS# 30356148
  • Commercial Sales
  • Hospitality
  • Sold

  • Approx Time on MarketN/A
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

Circa 1832, the Ashley Inn was constructed by Alexander Back, an inventor of rice and cotton processing equipment. Located in the heart of the Peninsula on the southern edge of Cannonborough in the short-term rental overlay, and just steps from MUSC, this beautiful 9 room Bed & Breakfast property features 7 guest rooms with accompanying baths and 1 half bath in the main structure and 2 guest rooms and 1.5 bathrooms in the charming carriage house located to the rear. The main house boasts wide wrap-around piazzas on both floors as well as original plaster crown moldings, plaster medallions, and heart pine flooring throughout. The original granite fireplace mantels, pocket doors, and 12-foot ceilings further add to the property's historic charm. There are 9 off-street parking spaces on-site accessed via a private tabby drive from Bee Street. Since the property is zoned for a Limited Business use and is located within the Short-Term Rental Overlay, the property can potentially be purchased and managed by an off-site owner differentiating it from other, traditional Bed & Breakfast properties in the City. The Inn currently maintains solid occupancy and steady nightly rates with room to grow with further updating. The property is being sold furnished will original four-poster beds, chandeliers/light fixtures, and all furnishings. Copies of current and previous Profit & Loss statements are available by request.


Sale Info

Listing Date: 01-30-2023

Sold Date: 01-31-2019

Listing Sold: 
   5 Year(s), 1 month(s), 26 day(s) ago

Asking Price: $2,250,000

Selling Price: $2,250,000

Price Difference: 
Same as list price

Building Info

Anchored:  No

Year Built:  1832

Financial

Asking Price Type:  Fixed Price

Garage / Parking

Parking Type:  Surface

Lot Info

County:  Charleston

Lot Acres Min:  0.160

Land Size:  0.16

Misc

Title:  Historic Inn / STR / B & B Close to MUSC

Offer Compensation

Property Info

Ceiling Height Maximum:  12.00

Second Property Subtype:  Hospitality, Multi Family

Zoning:  City of Charleston - LB - Lim

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Cash, Other

Property Type:  A

Original Price:  $2,250,000

Build To Suit:  No

Property Use Type:  Bed & Breakfast, Business, Hospitality, Hotel/Motel, Inn, Investment, Vacation/Resort

Class Type:  Hospitality

Sold Info

Sold Date:  2019-01-31T00:00:00

Sqft Info

Rentable Area:  4438

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Courtesy of listing office The Boulevard Company, LLC 

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On domicilecharleston.com since Mon, Jan 30th 2023
No Property History recorded for this listing.
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