$4,100,000
Charleston, SC 29403
MLS# 24029986
Status: Closed
5112 sqft
1 / 54
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.
Details
Maps
Contract Info
Primary Structure List Price/SqFt: 821.6
MLS List Date: 2024-12-03
Status: Closed
List Price: $4,200,000
Current Price: $4,100,000
Location, Tax & Legal
Legal Description: LOT 4 AND PART 5
Tax Map #: 4601201081
Street #: 44
Street Name: Morris
Street Suffix: Street
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Cannonborough-Elliotborough
Elementary School: Memminger
Middle School: Courtenay
High School: Burke
Directions: Take Coming St. past Calhoun. House is on the corner of Morris and Coming St.
General Property Info
Potential Short Sale: No
Other Structures Y/N: No
Number of Units: 4
Primary Structure Apx SqFt: 5112
Year Built: 1875
Acreage: 0.16
Office/Member Info
Seller Concessions Negotiable Y/N: Yes
Status Change Info
Sold Price/SqFt: 802.03
New Mortgage Type: Conventional
Sold Date: 2025-08-25
SqFt Source
Builder/Owner: 1
Unit 1
SqFt: 1900
Bedrooms: 3
Baths: 2
Unit 2
SqFt: 1700
Bedrooms: 4
Baths: 2
Unit 3
SqFt: 756
Bedrooms: 2
Baths: 2
Unit 4
SqFt: 756
Bedrooms: 2
Baths: 2
Roof
Metal: 1
Exterior
Wood Siding: 1
Attic Features
Access: 1
Foundation
Crawl Space: 1
Slab: 1
Garage/Parking
Other (Use Remarks): 1
Driveway
Concrete: 1
Architectural Style
Condominium: 1
Quadplex: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Ceiling Fan: 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Dryer Hookup: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Security System: 1
Stacked Washer/Dryer: 1
Washer: 1
Washer Hookup: 1
Cooling
Central Air: 1
Heat
Central: 1
Heat Pump: 1
Amenities
Bus Line: 1
Cable TV: 1
Laundry: 1
Trash: 1
Proposed Financing
Any: 1
Tenant Pays
No Utilities: 1
Possession
At Closing: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
Dominion Energy: 1
Property Features
SqFt Source: Builder/Owner
Roof: Metal
Exterior: Wood Siding
Attic Features: Access
Foundation: Crawl Space; Slab
Driveway: Concrete
Architectural Style: Condominium; Quadplex
Cooling: Central Air
Heat: Central; Heat Pump
Amenities: Bus Line; Cable TV; Laundry; Trash
Tenant Pays: No Utilities
Proposed Financing: Any
Possession: At Closing
Utility Suppliers: Charleston Water Service; Dominion Energy
Supplements
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!
Listing Office: The Exchange Company, LLC
Last Updated: August - 26 - 2025
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