200-210 Spring St
Charleston, SC 29403
Land For Sale
·
0.94 AC
INVESTMENT HIGHLIGHTS
- MU2 Workforce zoning plus “Approved Hotel Use” allows residents to enjoy hotel amenities 24/7, pool, outdoor bar area, and a fitness center.
- Great retail amenities nearby include restaurants like Fleet Landing and Poogan's Porch and shopping on King Street and the Charleston City Market.
- Nearby points of interest include Battery & White Point Gardens and historical sites like the Old Exchange and Provost Dungeon.
EXECUTIVE SUMMARY
This is a combined and rare large vacant parcel located in Downtown Charleston. While capable for almost any commercial use, the parcel is fully entitled for 152 hotel units, 6 story height on 2/3rds of the land, 5 stories on the remainder. Project has been placed in the Accommodations Overlay Zone, and approved for ultra-flexible hotel use, which is far more advantageous than STR (Short Term Rental). Owner has achieved an advanced Conceptual Approval from Charleston’s Board of Architectural Review which tacks on as a vested right. Currently, the interior design consists of 143 very spacious high end luxury apartment flats in a European style that are all self sufficient as dwellings. While interior unit counts are capped at 152, custom adjustments can be made to suit the programming preferences of the operator. It would likely take 2 or 3 years to replicate the entitlements/vested rights, engineering, and design that has been done if an alternative property of this kind was even available.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 0.94 AC |
0.94 acres fully entitled for 152 hotel units, 6 story height on 2/3rds of the land, and zoned MU2.
DESCRIPTION
This 0.94 acre parcel is a combination of 200 and 210 Spring Street in Downtown Charleston zoned MU2 approved for apartments /hotel uses. Zoned MU2, the parcel is fully entitled for 152 hotel units, six-story heights on two-thirds of the land, and five stories on the remainder.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $275,730 |
