Viewing Listing MLS# 31005548

$4,200,000 Reduced -$700,000
44 Morris Street
Charleston, SC 29403
  • $837.99Price per SqFt
  • 5,012SqFt
  • 147Days on Market
  • N/AZoning
  • 1875Year Built
  • Multi FamilyUse
  • MLS# 31005548
  • Commercial Sales
  • Multi Family
  • Active Contingent

  • Approx Time on Market4 months, 27 days
  • AreaHistoric Charleston
  • CountyCharleston
  • Subdivision N/A

Overview

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!



Building Info

Anchored:  No

Year Built:  1875

Financial

Garage / Parking

Parking Type:  Surface

Lot Info

County:  Charleston

Land Size:  0.16

Misc

Title:  The Compound- 11 Bedrooms, 8.5 Baths, and 14 Parking Spots

Offer Compensation

Property Info

Second Property Subtype:  Multi Family

Zoning:  City of Charleston - LB - Lim

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  Conventional

Property Type:  A

Original Price:  $5,900,000

Property Use Type:  Commercial, Multi-Family

Class Type:  Multi Family

Sold Info

Sqft Info

Rentable Area:  5012

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Directions

Take Coming St. past Calhoun. House is on the corner of Morris and Coming St.

Courtesy of listing office The Exchange Company, LLC 

Mortgage Calculator

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Price & Status History (on charlestonneighborhoods.com since Mon, Feb 24th 2025)
  • Original Price: $5,900,000
  • Current Price: $4,200,000
  • Price Reduced: $1,700,000
Date ChangedFromTo
07/08/2025ActiveActive Contingent
06/10/2025$4,900,000 $4,200,000 Reduced by $700,000
05/24/2025$5,900,000 $4,900,000 Reduced by $1,000,000
05/10/2025ActiveActive Contingent

Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Realty ONE Group Coastal are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 07-22-2025 3:25 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2025 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2025 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 07-22-2025 3:25 PM EST est.

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