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99 Cannon Street, Charleston, SC 29403
$3,450,000
Property Type:
Commercial Sale
Square Footage:
5,103
Status:
Active
Current Price:
$3,450,000
List Date:
11/17/2025
Last Modified:
12/17/2025
Description
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 (details below) 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.
Zoning approvals are in place for a ~2,357/sf restaurant with a ~930/sf outdoor patio, along with two ~1,373/sf luxury short-term rental units on the second and third floors. The project holds BAR conceptual approval for restoration of the original historic corner storefront, a new exterior dining patio, exterior staircase for the STRs, screening to conceal kitchen mechanicals, and upgraded ground-level window and door systems.
The purchase also includes ownership of nine on-site parking spaces (20% of the parking lot), with an additional ~47 onsite pay-to-park spaces available for patrons during evenings, weekends, and holidays. In addition to what is available onsite, there are another ~145 off street pay-to-park spaces located within one block of the property, offering exceptional parking convenience for patrons.
The property is 100% leased through July 2026, providing interim income while final design and permitting are completed.
A recipient of the Carolopolis Award for historic preservation, 99 Cannon blends Charleston's architectural legacy with all the attributes needed to create a successful and unique culinary location. Of note, the original 1831 brick walls on the ground floor may be exposed to showcase the building's historic character.
Contact broker Patrick Price to schedule an onsite tour and/or a virtual meeting. Patrick is also available to do a review of a pricing outline which outlines in detail how the sales price was formulated, backing into an as-is value from being stabilized. Buyer's profit consideration (development fee), loss of rent during renovation, and other related items were considered when determining the sales price.
Price Ventures, LLC makes no representations or warranties, express or implied, regarding the accuracy or completeness of the information provided.
More Information MLS# 31007397
Contract Information
Original List Price: 3450000
Listing Contract Date: 2025-11-17
List Price: $3,450,000
Current Price: $3,450,000
Location
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
Parcel Number: 460-15-02-078
Opportunity Zone: No
Street Number: 99
Street Name: Cannon
Street Suffix: Street
County: Charleston
State or Province: SC
Postal Code: 29403
General Information
Property Sub Type: Retail
Listing Name: Entitled Corner - Restaurant w/ Patio, STR's & Onsite Parking
Is Condo?: No
Property Condition: Proposed
Zoning: City of Charleston - LB - Limited Business
Property Visibility: Excellent
Anchored?: No
List Price/SqFt: 676.07
Opt In to Crexi?: Yes
Status: Active
Building Area Total: 5103
Building Related
Tenancy: Multiple Tenants
Parking Total: 9
Year Built: 1831
Land Related
In Flood Plain?: Yes
Directions & Remarks
Public Remarks: 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 (details below) 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.
Zoning approvals are in place for a ~2,357/sf restaurant with a ~930/sf outdoor patio, along with two ~1,373/sf luxury short-term rental units on the second and third floors. The project holds BAR conceptual approval for restoration of the original historic corner storefront, a new exterior dining patio, exterior staircase for the STRs, screening to conceal kitchen mechanicals, and upgraded ground-level window and door systems.
The purchase also includes ownership of nine on-site parking spaces (20% of the parking lot), with an additional ~47 onsite pay-to-park spaces available for patrons during evenings, weekends, and holidays. In addition to what is available onsite, there are another ~145 off street pay-to-park spaces located within one block of the property, offering exceptional parking convenience for patrons.
The property is 100% leased through July 2026, providing interim income while final design and permitting are completed.
A recipient of the Carolopolis Award for historic preservation, 99 Cannon blends Charleston's architectural legacy with all the attributes needed to create a successful and unique culinary location. Of note, the original 1831 brick walls on the ground floor may be exposed to showcase the building's historic character.
Contact broker Patrick Price to schedule an onsite tour and/or a virtual meeting. Patrick is also available to do a review of a pricing outline which outlines in detail how the sales price was formulated, backing into an as-is value from being stabilized. Buyer's profit consideration (development fee), loss of rent during renovation, and other related items were considered when determining the sales price.
Price Ventures, LLC makes no representations or warranties, express or implied, regarding the accuracy or completeness of the information provided.
Property Sub Type
Retail: 1
Auction Details
Auction: No
Structure Type
Mixed Use: 1
Parking Type
Surface: 1
Status Change Info
Status Change Date: 2025-11-17
Property Features
Property Sub Type: Retail
Structure Type: Mixed Use
Parking Type: Surface
Documents
Listing Office:
Price Ventures, LLC
Last Updated: December - 17 - 2025
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Carolina Commercial Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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