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Historic Boutique Inn with Carriage House
For Sale
$5,750,000

201 Ashley Avenue, Charleston, SC 29403

MULTI_FAMILY - Charleston, SC

Property Size4,468 SF
Lot Size0.16 Acres
Price / SF$1,286
Days on Market47

Property Features for 201 Ashley Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Conforming
Interior features Ceiling Fan(s)
Subdivision Cannonborough-Elliotborough
Elementary school Memminger
Middle school Simmons Pinckney
High school Burke
Directions From 17n Towards Downtown, Continue Onto Cannon Street Then Turn Right Onto President Street. Turn Left Onto Bee Street, Parking Lot Will Be On Your Left. Property Is Located At The Corner Of Ashley Ave And Bee Street.
Standard status Active
Size 4,468 SF
Lot size 0.16 Acres

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1852
Floors in Building 2
Number of units 8
Building materials Wood Siding
Roof type Asphalt
Listing Agency: Keller Williams Realty Charleston West Ashley
Listed By: Jonathan Holt
Added: Jun 18 Changed: Jun 24 Last Checked: Aug 3 at 10:06AM
MLS# 26017624

Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The Ashley Inn is a fully renovated historic boutique lodging property originally constructed in 1852 as a Greek Revival Charleston Single House. The main residence provides seven ensuite guest rooms, complemented by preserved period character such as heart pine floors, intricate millwork, oversized pocket doors, and soaring ceilings. Double piazzas stretch the length of the home, offering shaded outdoor living space overlooking the streetscape. A standout feature is the Speakeasy Suite, created by transforming a historic underground cistern into a one-of-a-kind private lounge.

In addition to the main house, the property includes a separate carriage house with two bedrooms and two bathrooms. The carriage house is described as a legal, active short-term rental and operates alongside the inn for added operational flexibility. The property also offers onsite parking, an uncommon convenience in downtown Charleston.

With eight total guest accommodations and a configuration that supports both dedicated inn hosting and independent short-term rental use, this property suits buyers seeking a turnkey hospitality asset with real flexibility. It may also fit an owner-operator looking for the option of combining hospitality operations with personal occupancy, supported by the separate living spaces within the main residence and carriage house.

Key Highlights

  • Historic Greek Revival Charleston Single House built in 1852 and fully renovated/restored
  • 8 guest accommodations total: 7 ensuite guest rooms in the main residence plus additional lodging in the carriage house
  • Renowned Speakeasy Suite features a converted historic underground cistern into a private lounge

Property Analytics

Current Use

The Ashley Hotel & Motel

Suggested Use

Top Pick Electrical Service Auto Parts Store Auto Repair Shop (Bike/Boat/Book/etc) Store Locksmith Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

643
Businesses Nearby
Balanced
Demand for This Use

Demographics for 29403, SC

21,363
Population
13,013
Households
1.6
Avg Household Size
30
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
3,956
Density / Sq Mi
$65,689
Median Household Income
$43,421
Median Earnings
$1,658
Median Rent
$624,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Bed & breakfast - Turnkey boutique lodging property with eight accommodations, including a separate legal short-term rental carriage house.
Where is this bed & breakfast located?
The property is located at 201 Ashley Avenue Charleston, SC.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Historic Greek Revival Charleston Single House built in 1852 and fully renovated/restored; 8 guest accommodations total: 7 ensuite guest rooms in the main residence plus additional lodging in the carriage house; Renowned Speakeasy Suite features a converted historic underground cistern into a private lounge
More about this property
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