117 Spring StCharleston, SC 29403

This exceptional mixed-use property, located at 117 Spring Street in Charleston, South Carolina, presents a compelling investment opportunity. The 15,103 square foot property sits on a 0.72-acre lot and comprises six buildings with a total of 22 units. Built in 1971, the two-story structures are zoned for limited business use, offering considerable flexibility for redevelopment. The property currently features a mix of multi-family, office, and retail spaces, all operating under NNN leases. With 25 parking spaces available, the property boasts a prime location at the corner of Spring Street and Rutledge Avenue, ensuring high visibility and accessibility. The asking price is $16,000,000, translating to $1,059.39 per square foot. The property's central downtown location and substantial size make it ideal for a variety of development projects, including hotels, condominiums, apartments, or additional retail and office space. The property's APN is 460-08-03-011. Showings require 24-hour advance notice and must be accompanied. All offers must include proof of funds or a pre-approval letter, along with the name of the closing attorney. This is a rare chance to acquire a significant development site in the heart of Charleston's vibrant downtown area.