200-210 Spring St, Charleston, SC 29403

200-210 SPRING ST 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.
This development boasts unlimited potential for almost any use with MU2 Workforce zoning plus “Approved Hotel Use”, allowing residents to enjoy hotel amenities 24/7, pool, outdoor bar area, also including a fitness center and business center. Structured internal parking comlies with all zoning regulations. Thanks to the flexible zoning, accommodations can range from nightly, weekly, to monthly stays. Located along Spring Street in the Medical District, it caters to tourists, “medical travelers” coming in for weekly or monthly stays, professionals; including doctors and post doctoral scholars, and any visitor wishing to stay in a larger, extraordinarily appointed apartment flat. One block to Publix grocery store in West Edge, surrounded by retail outlets, just minutes by foot to marina, the Ashley River, and City park. Additionally, it’s a short walk to Upper King Street, known for its restaurants and nightlife.