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
Description
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.
More Information 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
Status: Active
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
List Price: $4,850,000
Original List Price: 4850000
Tax Legal Description: 221 Ashley Ave
Current Price: $4,850,000
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
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
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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