44 Morris Street | Charleston | $4,200,000

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44 Morris Street Charleston, SC 29403 $4,200,000

5,012 SQ. FT.

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44 Morris StreetCharleston, SC 29403

For SALE Business ACTIVE

$4,200,000

EST. 10,572.38/MO CALCULATE

5,012 SQ. FT.

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. Unit 1: 1,900 SqFt, Bedrooms-3, Baths-2----Unit 2: 1,700 SqFt, Bedrooms-4, Baths-2----Unit 3: 756 SqFt, Bedrooms-2, Baths-2----Unit 4: 756 SqFt. Bedrooms-2, Baths-2----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!

Property Details

MLS ID31005548
Property TypeCommercial - Business
Current UseCommercial, Multi-Family
Days on Site288
Lot Size0.16 Acres
Parcel Number4601201081
Parking Total14.00
SewerPublic Sewer
WaterPublic
Year Built1875
ZoningCity of Charleston - LB - Limited Business
acres0.16

Listed By / Shown By

Listed By

Agency Name: The Exchange Company, LLC

SCCMLS

Shown By

Agency Title: Carolina One Real Estate
Agency Phone: (843) 203-5016

SCCMLS

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