221 Ashley Avenue, Abc, Charleston, SC 29403
$4,850,000
Property Type:
Commercial Sale
Square Footage:
4,571
Status:
Active
Current Price:
$4,850,000
List Date:
5/05/2025
Last Modified:
6/19/2025
Listing Details MLS# 31006127
Location
- Street Number
- 221
- Street Name
- Ashley
- Street Suffix
- Avenue
- Unit Number
- Abc
- County
- Charleston
- Nearest MSA
- Charleston-North Charleston, SC
- Submarket/Township
- 51 - Peninsula Charleston Inside of Crosstown
- State or Province
- SC
- Postal Code
- 29403
- Parcel Number
- 4601104081
- Opportunity Zone
- No
General Information
- Property Sub Type
- Hospitality
- Secondary Sub-Type
- Multi Family
- Listing Name
- The Chapel Lofts
- Property Condition
- Updated/Remodeled
- Building Area Total
- 4571
- LEED Certified
- No
- Zoning
- City of Charleston - LB - Limited Business
- Property Visibility
- Excellent
- List Price/SqFt
- 1061.04
- Opt In to Crexi?
- Yes
Contract Information
- Listing Contract Date
- 2025-05-05
- Original List Price
- 4850000
- Tax Legal Description
- 221 Ashley Ave
Building Related
- General Condition
- Excellent
- Stories Total
- 2
- Year Built
- 1995
- Year Renovated
- 2012
- Parking Total
- 8
- Number Of Buildings
- 2
Land Related
- Part of Planned Development?
- No
- In Flood Plain?
- No
Financials
- Tax Assessed Value
- 198000
More Information
Status Change Info
- Status Change Date
- 2025-05-05
Auction Details
- Auction
- No
Area and Location
- Property Located Between
- Spring St and Cannon St
Building Detail
- Building Name
- The Chapel Lofts
- Laundry
- In Each Unit
Directions & Remarks
- Directions
- From Hwy 17 N headed into Charleston, stay right to turn onto Lockwood Dr, take a left at Calhoun St, then take a left onto Ashley Ave, property will be on your left.
- Public Remarks
- The Chapel Lofts offers an exceptional opportunity to own a legal, fully licensed, income-producing short-term rental property located in the heart of downtown Charleston. This unique offering includes three separate units totaling 13 bedrooms, with the rare bonus of 8 off-street parking spaces. Originally constructed in 1994 as a wedding chapel, the striking front building was thoughtfully renovated in 2012 to create a stunning 5-bedroom, 4.5-bath residence. Its open-concept living space boasts soaring vaulted ceilings and a spacious kitchen and lounge area ideal for entertaining. Also built in 2012, the rear carriage house features two 4-bedroom, 4-bath units, each designed with style, comfort, and guest experience in mind. Interiors throughout all three units are beautifully decorated and updated, offering turnkey functionality for continued short-term rental success. All furnishings and décor convey with the sale for seamless operational continuity. Perfectly positioned on desirable Ashley Avenue, this property is just a short stroll to Charleston's celebrated dining, shopping, and cultural attractions. Whether you're expanding your investment portfolio or seeking a rare STR-compliant asset in Charleston, The Chapel Lofts delivers unmatched charm, income potential, and location.
Property Sub Type
- Hospitality
- Yes
- Multi Family
- Yes
Current Use
- Commercial
- Yes
- Hospitality
- Yes
- Investment
- Yes
- Vacation/Resort
- Yes
Structure Type
- Duplex
- Yes
- Free Standing
- Yes
- Multi Family
- Yes
- Triplex
- Yes
Association Amenities
- Parking
- Yes
- Trash
- Yes
Retail Clientele
- Business
- Yes
- Family
- Yes
- General
- Yes
- Recreation
- Yes
- Tourist
- Yes
- Traveler
- Yes
Construction Materials
- Concrete
- Yes
- Stucco
- Yes
Parking Type
- Surface
- Yes
Heating
- Heat Pump
- Yes
Cooling
- Central Air
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Concrete
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Property Features
Property Sub Type:
Hospitality; Multi Family
Current Use:
Commercial; Hospitality; Investment; Vacation/Resort
Structure Type:
Duplex; Free Standing; Multi Family; Triplex
Association Amenities:
Parking; Trash
Retail Clientele:
Business; Family; General; Recreation; Tourist; Traveler
Construction Materials:
Concrete; Stucco
Parking Type:
Surface
Heating:
Heat Pump
Cooling:
Central Air
Road Frontage Type:
City Street
Road Surface Type:
Concrete
Water Source:
Public
Sewer:
Public Sewer
Listing Terms:
1031 Exchange; Cash; Conventional
Listing Office:
Keller Williams Realty Charles
Last Updated: June - 19 - 2025
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