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$5,900,000
Est. payment /mo
6,969 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,969 sqft
Price per Sqft $846
MLS Listing ID 31005548
Year Built 1875
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Multi Family
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!
Location
State SC
County Charleston
Zoning City of Charleston - LB - Limited Business
Exterior
Parking Features Surface
Garage Spaces 14.0
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Harold Holt • The Exchange Company, LLC
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