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Highly Flexible Multi-Use Investment Property 132 Spring St 4,074 SF 100% Leased Retail Building Charleston, SC 29403 $3,552,616 CAD ($872.02 CAD/SF) 5.07% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Heavy Foot Traffic
  • Zoned Limited Business
  • Strong Short Term Rental History and Rating
  • In the heart of the Short Term Overlay / Hospitality District
  • Highly Flexible Investment Opportunity

EXECUTIVE SUMMARY

Located on a highly visible corner in the heart of downtown Charleston's Elliotborough hospitality and short-term rental overlay, 132 Spring Street is a flagship mixed-use property offering endless opportunities and upside investment potential. There is an amazing commercial/restaurant/retail space on the ground floor (currently leased). Two fully renovated residential units each have their own private entrance, original hardwood flooring and beautifully high ceilings. Unit B is located on the second floor and offers one bedroom and one bathroom with a beautifully appointed kitchen and living area. Unit D is a spacious and beautifully renovated three-bedroom, two-bathroom apartment with a grand living space and kitchen on the second floor and bedrooms located on the third floor. Both residential units stay consistently booked with short term renters due to the ideal location, inherent charm and extremely appealing living space to enjoy. Since completion of the building's full high-end renovation in 2016, 132 Spring Street has offered numerous avenues of stable, solid revenue year after year. The property also includes two off-street parking spaces along Ashley Avenue. Financials/numbers on short-term rental history available upon request.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,074 SF
Building Class
C
Year Built/Renovated
1940/2016
Price
$3,552,616 CAD
Price Per SF
$872.02 CAD
Cap Rate
5.07%
NOI
$180,118 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.34
Lot Size
0.07 AC
Zoning
Limited Business / STR - Property is located in the heart of Downtown Charleston's Short Term Overlay. Building zoned limited business.
Parking
3 Spaces (0.74 Spaces per 1,000 SF Leased)
Frontage
75’ on Ashley Ave

AMENITIES

  • Bus Line
  • Signalized Intersection

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Daniela’s Downtown, located at the corner of Spring & Ashley in Charleston, SC, invites visitors to experience a market and deli inspired by chef and proprietor Natasha Cline’s vision of providing fresh and pre-prepared foods for those on the go or those seeking a sit-down deli experience. At Daniela’s Downtown, the diverse menu includes deli sandwiches, salads, specialty meats, artisan cheeses, fresh produce, as well as a coffee and breakfast program.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
PJ's Coffee of New Orleans
Publix
CrossFit
HomeTrust Bank
Baja Fresh
Wells Fargo
PNC Bank
F45 Training
Food Lion

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
460-11-02-051
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$100,096 CAD
  • Listing ID: 36128945

  • Date on Market: 2025-06-05

  • Last Updated:

  • Address: 132 Spring St, Charleston, SC 29403

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