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    119 Spring St Charleston, SC 29403

    For Sale
    $8,490,000

    Mixed-use property with retail and residential units in downtown Charleston.

    Property size:
    12,000 SF
    Lot size:
    0.20 Acres

    Property Features for 119 Spring St

    General Information

    Size
    12,000 SF
    Lot size
    0.20 Acres

    Source: Harbor Commercial Partners Agent Tradd T Varner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charleston Mixed-Use Investment Opportunity

    This mixed-use property is located in a bustling downtown Charleston neighborhood. The property at 119 Spring Street features four first-floor retail units and seven upstairs residential units, offering a total of 14 bedrooms. There are 15 off-street parking spaces available. The residential units are currently leased as annual rentals, presenting a potential opportunity to reposition them as short-term rentals. The property is zoned Limited Business within the City of Charleston and is located within the city's short-term rental overlay district. The property is currently 100% leased, with the commercial units occupied by a single tenant on a month-to-month lease. Situated at the intersection of Rutledge Avenue and Spring Street, 119 Spring is surrounded by various neighborhood restaurants and retail establishments and is within walking distance of MUSC. The property size is 12000 square feet.
    Location Intelligence

    Current Use by Public Records

    All In One Charters Fishing Charter BlackOut Burger Mobile Caterer Charlie's Grocery on Spring Grocery Store South Street Cheesesteaks Restaurant

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Accounting Firm Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.9475614
    Latitude
    32.7899343

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential units in downtown Charleston.
    Where is this mixed-use property located?
    The property is located at 119 Spring St Charleston, SC.
    What is the asking price?
    The asking price for this property is $8,490,000.
    What are key features of this property?
    This property features: - Prime downtown Charleston location at Rutledge Ave. and Spring St., surrounded by restaurants and retail.; - Mixed-use property with four retail units and seven residential units, providing diverse income streams.; - Zoned Limited Business and located within the City's Short-term rental overlay district, offering potential for high-revenue STR conversions.
    (843) 532-1684
    Request Owner's contact information
    119 Spring St Charleston, SC 29403
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    Charleston, SC 29403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 Spring St Charleston, SC 29403
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