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$3,500,000

Beds
5
Baths
4.0
sq ft
Unknown

78 Society St, Charleston, SC 29401

78 Society St

Charleston, SC 29401

  • <1 day on market
Welcome to the R.C. Salas House located at 78 Society St. This unique property, with a history dating back to the 1880s, is located in the heart of downtown's commercial district. The building is situated along the bustling section of Society Street between Meeting Street and King Street, just a few blocks north of the Charleston Place Hotel.Thoughtfully designed for comfort and charm, this turnkey property features twoseparate units, ideal for investors looking to maximize rental revenue. Importantly, the property benefits from a rare BZAZ variance, which allows for the operation of two legal accommodation units on the property. This is a premier investment property, with a proven track record of short-term rental success on Airbnb and VRBO-(the current owner has operated the property as a self-managed short term rental operation for several years). In addition to two on-site (tandem) parking spaces, the property benefits from an off-site parking easement with the right to use two parking spaces in the adjacent property that are located immediately next to 78 Society St (there is no monthly cost for the use of these spaces and are available 24/7). The downstairs unit sleeps 4 guests with 2 bedrooms and 2.5 bathrooms. The upstairs unit sleeps 8 guests with 3 bedrooms and 1.5 bathrooms. The entire home accommodates up to 12 guests with a total of 5 bedrooms, 3 full baths, and 2 half baths. This home features fully equipped kitchens on both levels, 7 fireplaces (not used by owner), charming, enclosed side porches, and a picturesque courtyard in the back. For a creative investor, the rear section of the property may offer an opportunity to expand the structure or build a supplemental building (buyer to study and verify). Why You'll Love it! - Turnkey: Ready for immediate rental income -Prime Location: In the heart of downtown Charleston. One block from King Street, two blocks from Market Street, walking distance to fine dining and shopping! -Strong Rental History: A high performing short-term rental with outstanding reviews. -Versatile Investment: Rent as two separate units or as one large home. Property is also zoned General Commercial. Don't miss this rare opportunity to own a profitable, well-established investment property! *The information herein is furnished to the best of the Listing Agent's knowledge,but is subject to verification by the purchaser and their agent. Listing Agent assumes no responsibility for correctness thereof, nor warrant the accuracy of the information or the condition of the property. If square footage is important - measure! Buyer to verify schools.*

Details

Property type

Single Family Residence

Lot size

4,356 sq ft

Price per sq ft

Unknown

Year built

1882

Annual property taxes

$15,501

Price History

04/03/2025
CTAR

CTAR #25009004

Listed
$3,500,000

Schools & Community

Elementary school: 

Memminger

Middle school: 

Simmons Pinckney

High school: 

Burke

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Bank Of South Carolina

Loan start date

June 2014

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

2.5%

Loan type

Commercial, 1 year

Seller

78 Society St Llc

Lender

The Bank Of South Carolina

Loan start date

June 2014

Original loan amount

$1,185,000

Est. remaining balance

Not provided

Interest rate

2.5%

Loan type

Commercial, 5 year

Seller

78 Society St Llc

Lender

Tidelands Bank

Loan start date

June 2012

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

3.83%

Loan type

Commercial

Seller

78 Society St Llc

Lender

Tidelands Bank

Loan start date

May 2008

Original loan amount

$420,000

Est. remaining balance

Not provided

Interest rate

5.88%

Loan type

Commercial

Seller

78 Society St Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/04/2025 at 11:50 AM

Listing updated: 04/03/2025 at 5:46 PM

Listed by: Claudia Shuman, The Cassina Group Phone #: (843) 628-0008

MLS: CTAR #25009004

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