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Listed by The Exchange Company, LLC

$5,900,000

Est. payment - /mo

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11 BD

5,112 SqFt

Active

44 Morris St Charleston, SC 29403

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Celia Means

agent@celiameans.com +1(803) 237-7174

UPDATED:

02/11/2025 06:57 PM

Key Details

Property Type Condo, Multi-Family

Sub Type Condominium,Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,112 sqft

Price per Sqft $1,154

Subdivision Cannonborough-Elliotborough

MLS Listing ID 24029986

Bedrooms 11

Year Built 1875

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Condominium,Quadruplex

Property Description

Rare commercial-zoned property in Charleston's Accommodation Overlay District, The Charleston Compound offers a prime opportunity to create a boutique hotel with a pool, restaurant, outdoor dining, event space, and a private courtyard, just two blocks from King Street. This unique L-shaped estate includes 11 bedrooms, 8.5 baths, and 14 private parking spaces across four separate units, along with a valid 15x30 pool permit for the entire property.With legacy ''Hotels and Motels'' zoning--confirmed by the City--this property benefits from a highly flexible, transferrable business license. The property does not require STR permits or a Bed and Breakfast license and offers the potential to add more guest rooms, favorable parking requirements, and generous signage allowances.The transferrable pool permit is already in place, and future commercial development of the parking lot would be easier due to the zoning.
Currently, the property operates as a successful vacation rental and event space with expansive common areas and a dedicated laundry room. It is perfect for use as a boutique hotel or could be utilized as a short-term rental, Bed and Breakfast, or private estate. Additionally, a potential site plan is available for a Palm Beach-style courtyard with gated driveways, further enhancing privacy and development options.

Buyer responsible for permits. Don't miss this rare opportunity to develop a boutique hotel with resort-style amenities in one of Charleston's most sought-after locations!

Location

State SC

County Charleston

Area 51 - Peninsula Charleston Inside Of Crosstown

Interior

Interior Features Ceiling Fan(s)

Heating Central, Heat Pump

Cooling Central Air

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Community Features Bus Line, Laundry

Utilities Available Charleston Water Service, Dominion Energy

Roof Type Metal

Building

Dwelling Type Condominium,Quadruplex

Foundation Crawl Space, Slab

Sewer Public Sewer

Water Public

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Memminger

Middle Schools Courtenay

High Schools Burke

Others

Financing Any

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Celia Means

Team Leader | License ID: 38618

+1(803) 237-7174

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44 Morris St Charleston, SC 29403

Celia Means

Key Details

Location

Interior

Exterior

Building

Schools

Others

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44 Morris St