241 East Bay Street | Charleston | $5,500,000

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241 East Bay Street Charleston, SC 29401 $5,500,000

9,876 SQ. FT.

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241 East Bay StreetCharleston, SC 29401

For SALE Business ACTIVE

$5,500,000

EST. 13,844.78/MO CALCULATE

9,876 SQ. FT.

Property Description

Beautifully restored and well maintained, this 4 unit masonry structure is located in the center of the Historic District, one block from the City Market, surrounded by fine restaurants and shopping. The property also includes its own parking with 9 spaces onsite. Zoned General Business and located within the accommodation zone, approval for 4 unit accommodations, currently operating as the Charleston Chestnut Mansion, a 4 unit short term rental. This versatile property can operate as short term or long term rentals, or offices giving one flexible use into the future depending upon market needs, especially with its corner location on East Bay and Guignard Streets. All 4 units are completely updated and furnished with bookings well into the future. Each unit has a separate entrance. The first floor has two 2 BD units at 1,400 SQFT each. The second floor is over 3,300 SQFT, with 3 BDs, 3BAs, and elevator access. The third level spans the upper floor with over 2,100 SQFT and 2 BDs. Originally 2 separate structures, with the original built in 1871 (241 East Bay), a later addition at 243 East Bay was added during the 1986 Restoration. Comprehensive renovations from 2015 to 2021, including mechanical systems, windows, interior updates. Gross income 2025 - $588,061. Showings limited due to bookings. This property is turnkey and ready to go!

Property Details

MLS ID31008052
Property TypeCommercial - Business
Days on Site6
Parcel Number458-05-03-031
Parking Total9.00
ZoningCity of Charleston - GB - General Business

Listed By / Shown By

Listed By

Agency Name: Carolina Property Group, LLC

SCCMLS

Shown By

Agency Title: Home Advantage Realty
Agency Phone: (843) 203-5016

SCCMLS

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241 East Bay Street

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