Viewing Listing MLS# 25000717 | 241 E Bay Street, Charleston SC

$6,500,000 No Recent Price Change
241 E Bay Street
Charleston, SC 29401
  • 9Beds
  • N/AFull Baths
  • N/AHalf Baths
  • 9,876SqFt
  • 1871Year Built
  • 0.15Acres
  • MLS# 25000717
  • Multi Family
  • Active

  • Approx Time on Market10 days
  • AreaHistoric Charleston
  • CountyCharleston
  • Subdivision Ansonborough

Overview

This spectacular four-unit building with nine on-site parking spaces is located in Ansonborough in the heart of the Historic District of Charleston, just one block from Market Street. Zoned GB (General Business) and located in the Accommodations overlay, the property is approved for a 4-unit accommodations use. It is currently operating as a 4-unit luxury vacation rental known as the Charleston Chestnut Mansion, but could also be utilized for long term rentals or a variety of other commercial uses. Each of the four fully equipped residential units has its own private entrance and is beautifully appointed with high quality materials and appliances. The first floor contains suite 101 (renovated in 2019) and suite 102, (renovated in 2021).These suites are just over 1,400 SF each and each have 2 bedrooms and 2 baths. Suite 201 makes up the entire second floor (renovated in 2016). This suite is approx. 3,339 SF and has 3 bedrooms and 3 baths with a private elevator. Suite 301 makes up the entire third floor (renovated in 2016). This suite is approx. 2,137 SF and has 2 bedrooms and 2 baths. The building is conveniently located near some of Charleston's best restaurants, shopping, art galleries, and parks. Originally two separate buildings, the property has been renovated and combined into one. The original building (located at 241 East Bay St) was constructed in 1871, and underwent a historic rehabilitation in 1986, at which point the contemporary addition to the north (located at 243 East Bay Street) was constructed and joined to the original edifice by a stucco and glass hyphen. The entire building underwent a second significant historical renovation by the current owner from 2015 - 2021, which included new mechanical systems, a comprehensive security system, new or newly refurbished windows, new interior noise-dampening thermal storm windows, and repairs to the standing seam metal roof and exterior stucco. Interior renovations began in 2016 with the upper floors and were finalized in 2019 and 2021 with the completion of the two first floor suites. Since completion of the renovations, both the exterior and interior of the building have been meticulously maintained.



Agriculture / Farm

Grazing Permits Forest Service:  No

Grazing Permits Private:  No

Grazing Permits Blm:  No

Horse:  No

Farm Credit Service Incl:  No

Association Fees / Info

Bathroom Info

Building Info

Year Built:  1871

Business Info

Rent Control:  No

Buyer Compensation

Exterior Features

Pool Private:  No

Garage / Parking

Gar Pkg:  Other (Use Remarks)

Garage:  No

Attached Garage:  No

Interior Features

Fireplace:  No

Lot Info

Lot Size:  0.15

Lot Size Units:  Acres

Acres:  0.15

Lot Sqft:  6534

Irrigation Water Rights:  No

Offer Compensation

Other

Mobile Home Remains:  No

Property Info

Property Type:  B

Stories:  3

Exterior:  Block/Masonry, Stucco

New Construction:  No

Roof:  Metal

Property Subtype:  No

Building Area Units:  Square Feet

Special:  Flood Insurance

View:  No

Home Warranty:  No

Habitable Residence:  No

Structure Type:  Quadruplex

Room Info

Beds:  9

Sale / Lease Info

Lease Renewal Option:  No

Lease Considered:  No

Lease Assignable:  No

Sqft Info

Unit Sqft:  3,339

Unit Sqft:  1,430

Unit Sqft:  2,137

Unit Sqft:  1,407

Sqft:  9876

Unit Info

Number of Units Total:  4

Unit Bedrooms:  3

Unit Bedrooms:  2

Unit Bedrooms:  2

Unit Bedrooms:  2

Utilities / Hvac

Water Source:  Public

Utilities:  Charleston Water Service, Dominion Energy

Heating:  Yes

Heat:  Central, Ductless, Forced Air

Water Sewer:  Public Sewer

Cooling:  Central Air

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  Memminger

Middle:  Simmons Pinckney

High:  Burke

Directions

Located At The Corner Of East Bay Street And Guignard Street.

Courtesy of listing office Handsome Properties, Inc. 

Featured Lender

image

Jim Hutto

Beacon Bank

843-990-5517
jim@beacon.bank
https://www.beacon.bank/connect/our-team/commercial-bankers

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On simplycommercial.com since Thu, Jan 9th 2025
No Property History recorded for this listing.
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 01-20-2025 11:29 AM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2025 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2025 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 01-20-2025 11:29 AM EST est.

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