201 Ashley Avenue, Charleston, SC 29403

$2,250,000
4,438
SqFt
List Price
$2,250,000

Property Description

Circa 1832, the Ashley Inn was constructed by Alexander Back, an inventor of rice & cotton processing equipment. Located in the heart of the Peninsula on the southern edge of Cannonborough in the short-term rental overlay, and just steps from MUSC, this beautiful 9 room Bed & Breakfast property features 7 guest rooms with accompanying baths and 1 half bath in the main structure and 2 guest rooms and 1.5 bathrooms in the charming carriage house located to the rear. The main house boasts wide wrap-around piazzas on both floors as well as original plaster crown moldings, plaster medallions, and heart pine flooring throughout. The original granite fireplace mantels, pocket doors, and 12-foot ceilings further add to the property's historic charm. There are 9 off-street parking spaces on-site. Since the property is zoned for a Limited Business use and is located within the Short-Term Rental Overlay, the property can potentially be purchased and managed by an off-site owner differentiating it from other, traditional Bed & Breakfast properties in the City. The Inn currently maintains solid occupancy and steady nightly rates with room to grow with further updating. The property is being sold furnished will original four-poster beds, chandeliers/light fixtures, and all furnishings. Copies of current and previous Profit & Loss statements are available by request.

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Listing courtesy of The Boulevard Company, Llc.