44 Morris Street, Charleston, SC 29403 (MLS# 31005548)

44 Morris Street, Charleston, SC 29403

$4,200,000

Property Type: Commercial Sale Square Footage: 5,012 Status: Active Contingent

Current Price: $4,200,000 List Date: 5/24/2025 Last Modified: 6/15/2025

Overview

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, Bedroo ... (Read more)

Listing Details MLS# 31005548

Location

Street Number: 44
Street Name: Morris
Street Suffix: Street
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
State or Province: SC
Postal Code: 29403
Parcel Number: 4601201081
Opportunity Zone: No

General Information

Property Sub Type: Multi Family
Listing Name: The Compound- 11 Bedrooms, 8.5 Baths, and 14 Parking Spots
Number of Units Total: 4
Building Area Total: 5012
Lot Acres: 0.16
Zoning: City of Charleston - LB - Limited Business
List Price/Acre: 26250000
List Price/SqFt: 837.99
For Comp Purposes Only: No
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2025-02-14
Original List Price: 5900000
Tax Legal Description: Lot 4 And Part 5

Building Related

General Condition: Excellent
Stories Total: 3
Year Built: 1875
Parking Total: 14
Number Of Buildings: 2

Status Change Info

Status Change Date: 2025-06-15
Under Contract Date: 2025-06-15
Contingent: Active Contingent
Contingency Reason: Due Diligence

Auction Details

Auction: No

More Information

Directions & Remarks

Directions: Take Coming St. past Calhoun. House is on the corner of Morris and Coming St.
Public Remarks: 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 Sub Type

Multi Family: Yes

Roof

Metal: Yes

Current Use

Commercial: Yes
Multi-Family: Yes

Structure Type

Hotel/Motel: Yes
Multi Family: Yes
Office: Yes
Quadruplex: Yes

Association Amenities

Cable TV: Yes
Electricity: Yes
Laundry: Yes
Meeting Room: Yes
Parking: Yes
Security: Yes
Trash: Yes

Construction Materials

Wood Siding: Yes

Parking Type

Surface: Yes

Heating

Central: Yes
Heat Pump: Yes

Cooling

Central Air: Yes

Internet Access

Cable: Yes
Fiber Optic: Yes

Lot Features

Level: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Listing Terms

Conventional: Yes

Property Features

Property Sub Type: Multi Family Current Use: Commercial; Multi-Family Structure Type: Hotel/Motel; Multi Family; Office; Quadruplex Association Amenities: Cable TV; Electricity; Laundry; Meeting Room; Parking; Security; Trash Roof: Metal Construction Materials: Wood Siding Parking Type: Surface Heating: Central; Heat Pump Cooling: Central Air Internet Access: Cable; Fiber Optic Lot Features: Level Road Frontage Type: City Street Road Surface Type: Paved Water Source: Public Sewer: Public Sewer Listing Terms: Conventional

Documents

Floor Plan ›

Potential site plan ›

Listing Office: The Exchange Company, LLC

Last Updated: June - 15 - 2025

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