Entitled Corner Project w/ Patio & Parking 99 Cannon St 5,103 SF 100% Leased Retail Building Charleston, SC 29403 $3,450,000 ($676.07/SF)

Property Summary:
Positioned at the prominent corner of Cannon and Rutledge, 99 Cannon (circa 1831) offers a rare, entitled, mixed-use opportunity in the heart of Cannonborough–Elliotborough neighborhood, now recognized as Charleston’s most concentrated dining district for nationally acclaimed chefs and restaurateurs. The property has already been entitled for a restaurant with a large patio and two luxury short-term rental units above. Within just a few blocks, eight restaurants have earned Michelin and/or James Beard recognitions, making this neighborhood an exceptional culinary enclave, unlike any other area in Charleston.
Property Highlights:
* Zoning approvals already in place for a ~2,357/sf restaurant with a ~930/sf patio and two ~1,373/sf luxury STR units above, on the second and third floors.
* BAR conceptual approval to include original corner storefront restoration, exterior dining patio, new ground level windows and door systems.
* Ownership of nine on-site parking spaces.
* Abundant parking: ~54 onsite pay-to-park spaces available for patron use during nights, weekends, and holidays. There are also ~147 additional offstreet pay-to-park spaces within one block.
* Address for commercial space can convert from 208 Rutledge to 99 Cannon upon completion of the new corner entry, providing a more recognizable street address.
* Original 1831 brick walls may be exposed on the ground floor.
* 100% leased through July 2026, offering interim income while plans are finalized and permitted.
* Recipient of a Carolopolis Award for historic preservation.
Disclaimer: Price Ventures, LLC makes no representations or warranties, express or implied, regarding the accuracy or completeness of this information. Price Ventures, LLC shall not be held liable or responsible for any inaccuracies or omissions contained herein. Prospective purchasers and investors are advised to conduct their own independent investigation, analysis, and verification of all facts and figures, and to consult their own advisors as they deem appropriate.