61 Cannon Street, Charleston, SC 29403
$18,500,000
Property Type:
MultiFamily
Square Footage:
15,873
Lot Size (sq. ft.):
16,553
Status:
Active
Current Price:
$18,500,000
List Date:
3/27/2023
Last Modified:
3/27/2023
Description
Mixed use property on Cannon Street includes a commercial restaurant space and seven active, legal short term rental units. The property was recently renovated down to the studs which incorporates gorgeous contemporary design elements and soaring 50' ceilings. The front commercial section of the building has +/-1600sf of commercial space directly on Cannon and an additional 400sf of approved patio seating out front, as well as a rare rooftop deck of +/- 800sf. Behind the commercial space are (5) 5 bed, 5.5 bath and (2) 4 bed, 4 bath short term rental units, all with double washers and dryers in unit. Potential to add value to the project by converting the existing short term units to condos. This property is in an excellent location directly next to Sugar Bakeshop, only 3 short blocks from
Supplements: King St. 14 off street parking spaces onsite as well as abundant street parking available.
More Information MLS# 23006674
Contract Info
MLS List Date: 2023-03-27
Status: Active
List Price: $18,500,000
Current Price: $18,500,000
List Price/SqFt: 1165.5
Location, Tax & Legal
Tax Map #: 4601201008
Street #: 61
Street Name: Cannon
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-Elliottborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Legal Description: 61 AND 63 CANNON PARCEL 1
Directions: King Street to Cannon Street
General Property Info
Number of Units: 8
# Stories: 3
Apx. SqFt: 15873
Year Built: 1980
Acreage: 0.38
Lease Purchase: No
Potential Short Sale: No
Income, Expenses & Fees
Auction: No
Property Features
SqFt Source: Hired Measurement
Exterior: Brick - Solid
Foundation: Slab
Garage/Parking: Other (Use Remarks)
Driveway: Blacktop
Architectural Style: More than 4
New Owned/Pre-owned: Pre-Owned
Zoning: Conforming
Equipment/Appliances: Ceiling Fan; Dishwasher; Dryer; Electric Dryer Hookup; Electric Range; Fire Sprinkler; Microwave; Refrigerator; Washer; Washer Hookup
Cooling: Central Air
Heat: Heat Pump
Amenities: Bus Line; Cable TV; Trash
Sale Includes: All Furniture; Building and Land
Tenant Pays: No Utilities; Other (Use Remarks)
Proposed Financing: Cash; Conventional Loan
Possession: At Closing; Tenants Rights
Water/Sewer: Public Sewer; Public Water
Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office: Keller Williams Realty Charleston West Ashley
Last Updated: March - 27 - 2023
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