Viewing Listing MLS# 31003775

$3,995,000 | N/A beds | N/A full baths | N/A half baths | 3,504 sqft

$3,995,000 No Recent Price Change
254 Saint Philip St. UNIT A&B
Charleston, SC 29403
  • $1,140.13Price per SqFt
  • 3,504SqFt
  • 61Days on Market
  • N/AZoning
  • 1852Year Built
  • HospitalityUse
  • MLS# 31003775
  • Commercial Sales
  • Hospitality
  • Active

  • Approx Time on Market1 month, 30 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

Investment Hospitality STR Opportunity in Historic District Downtown Charleston - Unlock the doors to a lucrative investment opportunity with Two brand new luxury Multi-Family Hospitality Residential STR buildings For Sale. Set for completion in September 2024 located in the highly coveted Short Term Rental Accommodations Overlay District. Front Unit A is finished and booking guests now. It is a two story, fully remodeled in 2024 with 5 bedrooms and 5 bathrooms in approximately 1652 SF. Rear Unit B is brand new construction and is approx. 1852 SF and is also two story and offers 5 bedrooms, 5 bathrooms with a roof top deck on the third floor. Both units are on one lot, built with the highest quality craftsmanship, this property offers luxury finishes with modern fixtures, can sleep up to 16 plus guests and all furnishings are negotiable to purchase and STR bookings convey at closing. Have the option to live in one unit and short term rent the other for a generous financial benefit or short-term rent both properties and maximize your income return on your investment. This property is new construction and will be fully compliant for STR. The property will be licensed upon completion and operating upon renovations being completed. The building features 4 off-street parking spaces and consists of two distinct units both equipped with brand new plumbing, electrical systems, drywall, appliances, and lighting. Don't miss out on this unique property that combines historical allure with contemporary functionality and profitability. Although the property may have been previously fully licensed and operating, the newly renovated floor plan and financials may differ upon remodel completion. Financials available upon request. All photographs of the renderings are illustrative and final finishes and/or colors are subject to change. Call listing agent for showing availability.



Building Info

Anchored:  No

Year Built:  1852

Financial

Garage / Parking

Parking Type:  Surface

Lot Info

County:  Charleston

Land Size:  0.09

Misc

Title:  Multi-Unit Hospitality Residential STR Property for Sale

Offer Compensation

Property Info

Second Property Subtype:  Hospitality, Multi Family

Zoning:  City of Charleston - GB - Gen

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Cash, Conventional

Property Type:  A

Original Price:  $3,995,000

Property Use Type:  Commercial, Hospitality, Inn, Investment, Residential, Vacation/Resort

Class Type:  Hospitality

Sold Info

Sqft Info

Rentable Area:  3504

Unit Info

Unit:  A&B

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Directions

From Bogard Street, turn left on Saint Philip Street, continue North until reaching 254 Saint Philip.

Courtesy of listing office Coldwell Banker Comm/Atlantic Int'l  - 8437449877

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On constantproperties.com since Mon, Jul 8th 2024
No Property History recorded for this listing.
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Constant Properties are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 09-07-2024 11:29 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 09-07-2024 11:29 PM EST est.

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