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119 Spring St 221 Rutledge Ave 12,000 SF 100% Leased Retail Building Charleston, SC 29403 $11,097,564 CAD ($924.80 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Short Term Rentals
  • Prime corner lot
  • 100% Leased
  • Close to MUSC, CofC and King St

EXECUTIVE SUMMARY

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 excellent opportunity to reposition as Short Term Rentals. The property is zoned Limited Business in the City of Charleston and situated within the City's Short-term rental overlay district. The property is currently 100% leased with the commercial units being occupied by 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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
12,000 SF
Year Built
1985
Price
$11,097,564 CAD
Price Per SF
$924.80 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.20 AC
Zoning
Limited Business
Parking
15 Spaces (1.25 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
Walk Score®
Walker's Paradise (95)
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
CrossFit
HomeTrust Bank
Baja Fresh
PNC Bank
Wells Fargo
F45 Training
ServisFirst Bank
Bartaco

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
460-11-02-011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$128,257 CAD
  • Listing ID: 37315932

  • Date on Market: 2025-08-18

  • Last Updated:

  • Address: 221 Rutledge Ave, Charleston, SC 29403

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