Active
44 Morris Street
Charleston SC, 29403
$5,900,000
$1,154.15 per sqft
Active
11 Beds
5,112 sqft
Multi-family
Built in 1875
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!
24029986
MLSⓇ ID
December 3, 2024
Listed
February 20, 2025
Updated
Interior Features
Bedrooms
11
Interior Features
Ceiling Fan(s)
Laundry Description
Electric Dryer Hookup, Washer Hookup
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Heat Pump
Exterior/Building Features
Lot Size
0.16 Acres
Roof
Metal
Sewer
Public Sewer
Security
Security System
School Information
High School
Burke
Elementary School
Memminger
Other Property Details
Area Name
51 - Peninsula Charleston Inside of Crosstown
Garage
No
Parking
Other (Use Remarks)
View
No
County
Charleston
Water Source
Public
Pool
No
Utilities
Charleston Water Service, Dominion Energy
Courtesy of The Exchange Company, LLC with Harold Holt
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Data last updated 6:55 PM UTC, 2/20/2025