61 Cannon StCharleston, SC 29403

  • Commercial real estate
  • 2,710 SF
For Lease
$32.58/SF/YR View listing

Property Details for 61 Cannon St

Year built
1980
Lot size
0.38 AC
Property size (Sq ft)
2,710 SF
Property type
Commercial real estate
APN
460-12-01-008
APU
4601201008

Description

This exceptional restaurant space, located at 61 Cannon Street in Charleston, South Carolina, presents a unique food and beverage opportunity within the vibrant Cannonborough Elliotborough neighborhood. The 3,020 square foot property boasts a single-tenant occupancy and is ideally situated amongst numerous short-term rentals (STRs), including those on-site, ensuring a consistent flow of potential customers. The interior space measures 1,582 square feet, complemented by a generous 350 square foot front patio and a stunning 1,088 square foot rooftop area, offering ample space for outdoor dining or additional seating. The property is equipped with substantial infrastructure, including a 2,000-gallon grease trap, an exhaust hood chase, and a robust 400-amp electrical service. A fully installed sprinkler system ensures safety and compliance. This versatile space is well-suited for a variety of restaurant concepts, providing a strong foundation for a successful culinary venture. The property's zip code is 29403. This is a turn-key opportunity with substantial free rent and tenant improvement allowances available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $280,339
    Hospitality
    $256,789
    Educational
    $213,645
    Medical
    $220,993
    Retail
    $332,337

Location Insight

City
Charleston
County
Charleston
State
South Carolina
Latitude
32.79
Longitude
-79.9444
CBSA code
16700
CBSA name
CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$52,208
-
-
$186,000
-
$3,749,800
$200
$3,750,000

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