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26 Morris St, Charleston, SC
This is a great investment opportunity just 1 block from King St. This listing includes 28 Morris (18 parking spots) which provides the parking for 26 Morris. The .21 acre lot also has room for an additional building (to be constructed) in the rear which creates a great value add opportunity for the right buyer. In the opportunity zone!! 26 & 28 Morris -28 Morris is .07 acres and 26 Morris is .13 acres, if combined= .2 acres= 8712sf -DR-2 zoning allows for 1,650sf/unit of multi family = 5.2 units or 5 total units -DR-2 also requires 35% or less of lot coverage this would come out to a total foot print of all buildings to not exceed 3,354sf -it is in the 2.5-3.5 height district. Because the ROW is 50’ we can have a 3 story building with max height of 45’ – caveat- The existing building is 2.5 and the BAR won’t approve of a rear/accessory building to be taller than the main front building, so in this case you default max height is 2.5 -Don’t forget about parking, we would need 1.5 per unit with 5 units that would be 8 spaces, now if you have a couple of affordable units that number is reduced to 1 per each affordable unit. In projects like this we actually find that the biggest challenge is getting the parking to fit with the buildings.
- MLS® #30475464
- TypeCommercial Sale
- Listing Office:King And Society Real Estate
- Address26 Morris St
- AreaPeninsula Chas. inside of crosstown
- Zip Code29403
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