114 Spring Street

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114 Spring Street

Charleston, SC 29403
Asking Price
$5.30M
Cap Rate
5%
Asset Type
Hotel Hospitality
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Hospitality property located at 114 Spring Street in Charleston
  • Asset is currently offered for sale for $5,300,000
  • Current performance metrics indicate a five percent capitalization rate
  • Located within the culturally significant and popular 29403 zip code
  • Property is ideal for ongoing professional boutique hotel operations

What's Special

This hospitality asset in Charleston, South Carolina, presents a hotel property currently listed for sale at $5,300,000. Situated at 114 Spring Street in the 29403 zip code, the facility operates within a historic and high-demand tourism market known for its robust hospitality sector and international appeal. The property benefits from the enduring economic draw of the Charleston peninsula, where visitors frequent the area for its dining, culture, and coastal proximity. Investors or operators seeking to establish or expand a footprint in this prime submarket will find this asset positioned to capture steady demand from the consistent influx of regional and national travelers. The building is well-suited for continued boutique hotel operations or specialized lodging services tailored to the character of the city.

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NOI
$80,000
Cap Rate
1.51%
DSCR
0.25
Underwater
Cash-on-Cash
-14.76%
Monthly Payment
$26,221.508
Annual Cash Flow
$-234,658.099

Location & Travel Times