192 And 300Charleston, SC 29401

Property Details for 192 And 300

Year built

1800

Property size (Sq ft)

2,773 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional Charleston property, a beautifully renovated three-story building (2,773 sq ft) constructed in 1800 and updated in 2020, offers a unique investment opportunity. Located at 192 East Bay Suite 200 and 300, Charleston, SC 29401, this multifamily property currently operates as a hotel with two units, boasting five spacious bedrooms and four bathrooms, two kitchens, and a rare, grandfathered accommodation use license. The property generates a substantial net operating income (NOI) of $240,000 annually, exceeding typical short-term rental income due to its unique features, prime French Quarter location, and approved zoning. Original architectural details are preserved throughout, including wide heart pine floors, exposed Charleston grey brick, and nine-over-nine windows offering waterfront views. Modern amenities include updated kitchens with stainless steel appliances and marble tiled bathrooms. The property's location in the heart of Charleston's historic French Quarter, near the Cooper River waterfront, provides unparalleled access to the city's attractions. The ground floor commercial space is currently leased to an upscale restaurant. This property presents a rare blend of historic charm and modern functionality, making it an ideal investment for discerning buyers seeking high returns and a unique piece of Charleston history. The asking price is $3,000,000.

Location Insight

City

Charleston

County

Charleston

State

South Carolina

Latitude

32.7791

Longitude

-79.9249

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