The Brennaman Group

140 Spring Street : The Brennaman Group
The Brennaman Group > Charleston > Cannonborough-elliotborough > 140 Spring Street

140 Spring Street, Charleston, SC 29403 $3,100,000

140 Spring Street is the only 7 bedroom home for sale in the Cannonborough-elliotborough neighborhood of Charleston.
Bedrooms 7
Full Bathrooms 5
SqFt 3,034
Updated 02/02/2026
Half Bathrooms 0
Price/SqFt $1,022
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Photo 21 of 25 : 140 Spring Street

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Photo 22 of 25 : 140 Spring Street

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Photo 24 of 25 : 140 Spring Street

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General Features
Category Residential
Style Victorian,Villa
Stories 3
Lot Description 0 - .5 Acre
County Charleston
City Charleston
Subdivision Cannonborough-elliotborough
MLS number 26002821 (Active)
Address 140 Spring Street, Charleston, SC 29403 US
Listing Provided by Birchin Lane Realty Advisors, LLC
Sale Type Not an Auction
MLS Area 51 - Peninsula Charleston Inside of Crosstown
Description : An exceptional opportunity to acquire a fully renovated, fully licensed commercial short-term rental complex in the heart of downtown Charleston.
An exceptional opportunity to acquire a fully renovated, fully licensed commercial short-term rental complex in the heart of downtown Charleston. 140 Spring Street is a boutique, three-unit offering designed to command premium nightly rates while delivering a rare combination of privacy, parking, and outdoor living--features that consistently outperform in Charleston's high-barrier STR market. The property features two spacious 3-bedroom / 2-bath residences and one well-appointed 1-bedroom unit, creating multiple income streams ideal for group travel, extended stays, and high-yield weekend demand. Renovations were thoughtfully executed to preserve historic charm while delivering modern finishes that today's guests expect.A true differentiator is the private, walled courtyard exclusive to one of the 3-bedroom units. Complete with a gazebo, brick fireplace, and dedicated sitting area, this outdoor sanctuary significantly enhances guest experience and booking appeal. The courtyard also offers potential for a plunge poolan extraordinary rarity in downtown Charleston and a proven lever for materially increasing ADRs and annual revenue. Off-street parking further strengthens the asset's competitive position, while in-place commercial STR licensing allows for immediate operation with no entitlement risk. Beyond operational performance, ownership offers significant tax advantages unique to short-term rentals, including the potential for accelerated depreciation and cost segregation, which may allow investors to offset a substantial portion of incomeoften without passive activity limitations, subject to individual circumstances and tax strategy. This is a rare opportunity to acquire a stabilized, scalable, and tax-advantaged STR asset in one of the Southeast's most supply-constrained and resilient markets. $300,000.00/ in annual revenue projected from a reputable local management company.
Exterior Features
Water / Sewer Public Sewer
Schools
Elementary School
James Simons
Middle School
Simmons Pinckney
High School
Burke
Ask About 140 Spring Street
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Broker ReciprocityProperties marked with the Broker Reciprocity logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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