Incredible mixed use investment opportunity in bustling downtown Charleston neighborhood. 119 Spring Street offers four first floor retail units and seven upstairs residential units with 14 total bedrooms and 15 off street parking spaces. Residential units are currently leased as annual rentals but this offers an excellentopportunity to reposition as Short Term Rentals. The property is zoned Limited Business in the City of Charleston and situatedwithin the City's Short-term rental overlay district. The property is currently 100% leased with the commercial units being occupiedby a single tenant on a month to month lease. 119 Spring is situated on the busy intersection of Rutledge Ave. and Spring St., surrounded by various neighborhood restaurant and retail uses and in walking distance of MUSC.
Anchored: No
Year Built: 1985
Parking Type: Surface
County: Charleston
Land Size: 0.20
Title: 119 Spring St
Second Property Subtype: Multi Family, Retail
Zoning: City of Charleston - LB - Lim
Nearest Msa: Charleston-North Charleston, SC
Property Type: A
Original Price: $8,490,000
Property Use Type: Mixed Use, Residential, Retail
Class Type: Retail
Rentable Area: 12000
Water Source: Public
Sewer: Public Sewer
Courtesy of listing office Harbor Commercial Partners, LL