61 Cannon Street, Charleston, SC 29403 (MLS# 23006674)

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61 Cannon Street, Charleston, SC 29403

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


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
61 Cannon Street, Charleston, SC 29403- MLS# 23006674
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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