Luxury Residences in Downtown Charleston

Hospitality for Sale
Call for Offers
Catylist Listing ID: 30799256
Property Subtypes: Extended Stay, Hotel, Vacation Rental(s)
Number of Units: 4 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $10,000,000 - 14,000,000
Unit Price: $2,500,000 Per Unit
Property Use Type: Investment, Business
Building Name: The Charleston Chestnut Mansion
Sale Terms: Other
Call for Offers: Yes
Cap Rate: Undisclosed
Last Updated: 5/13/2022

Overview / Comments

Once in a lifetime opportunity to own an income-producing residential property in one of Charleston’s premier neighborhoods, The French Quarter. The Charleston Chestnut Mansion is an experience all its own, blending historic charm with a refined modern style in four of the most desirable residences in the heart of downtown Charleston, South Carolina. Located a block away from Waterfront Park, the Custom’s House, the Pineapple Fountain, City Market, and some of the country’s most famous restaurants.

Each unit is immaculately appointed with high-end appliances and fixtures, marble counters and tile, and luxury furnishings—no detail has been forgotten! Completely renovated including a gut renovation of the entire building from 2015-2017 and interior construction from 2017 to 2019, the building added noise-dampening, thermal storm windows throughout, hardwood floors, dishwasher, washer and dryer, large screen TVs, and much more to every unit.

1st Floor: 1,500 square feet, 2 bedrooms and 2 full bathrooms for $800/night
1st Floor: 1,500 square feet, 2 bedrooms and 2 full bathrooms for $850/night
2nd Floor: 3,000 square feet, 3 bedrooms and 3 full bathrooms for $1,050/night
3rd Floor: 2,700 square feet, 3 bedrooms (4 beds) and 2 full bathrooms for $950/night

The property includes a large parking lot with 9+ parking spaces. All appliances, beds and bedding, and kitchenware is included in the sale of the property. Specialty furnishings and artwork do not convey. This is a chance to own an upscale, luxury residence in Charleston, SC Travel + Leisure’s “World’s Best City”!

This is a Call for Offers: All offers must be submitted by May 19, 2022

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 458-05-03-031
Zoning: GB - General Business
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Guignard Street and Pinckney Street
Property Visibility: Excellent
Largest Nearby Street: East Bay Street
Airports: Charleston International Airport
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1871
Year Renovated: 2019
Parking Type: Surface
Parking Description: Parking spaces available for guests
Laundry: In Each Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,599 59,407 130,265
Median Age: 29.88 34.5 36.79
Households: 7,127 24,857 55,214
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