Welcome to 118 E Ashley, Folly Beach SC, located in the heart of Folly's downtown commercial district, with peeks of the ocean! Live in or create a business (or both) in this beautifully renovated, four-unit property. The main house is a three-story home, approximately 4200 sq. ft., with 4 bedrooms, 2 baths and over 750 sq. ft. of deck space. This island retreat features Simonton impact resistant windows, whole house generator, Emergy LED lighting, exotic hardwood (Jarrah, Australian Cyprus and Brazilian Cherry) floors throughout. Beautifully renovated kitchen with quartz countertops, an island for dining and food preparation, Dacor appliances, even an ice maker. Plus, the deck and wrap around porch provides luxurious outdoor living, with a full kitchen for entertaining to your deligh In addition to the main house, it also includes two renovated apartments below at street level. One two bedroom/one bath and one, one bedroom/one bath, great for rental income or retail space. In addition, there is a 4th unit on the west side of the house, a two-bedroom, one bath cottage, cute as a button. This listing also includes the adjacent land, tax map # 328-14-00-060, zoned Downtown Commercial. It is a 35' X 150' lot that runs between E Ashley and E Cooper. Currently there is a 12' X 36' garage for boat storage and workshop, on the E Cooper side. Don't miss this opportunity to be creative and create the perfect blend of business and pleasure! Irrigation system, including deck. Tankless water heater. Whole house generator. Spray insulation in attic. Three air handlers, three gas furnaces. The property is zoned Downtown Commercial by the City of Folly Beach. Commercial uses permited in this zoning include restaurant, bar, nightclub, bed and breakfast, hotel, office, among others. For the full tabke of uses, see https://codelibrary.amlegal.com/codes/follybeach/latest/follyb_sc/0-0-0-31321.