114 Cannon StCharleston, SC 29403

Property Details for 114 Cannon St

Year built

1850

Lot size

0.16 AC

Property size (Sq ft)

3,456 SF

Property type

Other commercial real estate

APN

460-11-04-165

APU

4601104165

Description

This exceptional restaurant opportunity is situated on a highly visible corner lot at the intersection of Cannon Street and Ashley Avenue in historic Charleston, South Carolina. The ground floor space, located within a beautifully preserved building, boasts 11+ foot ceilings, exposed brick, and wide plank hardwood floors, creating a unique and inviting atmosphere. Large glass windows and multiple storefront doors maximize natural light and provide excellent street visibility. The property includes an approved 14-space parking variance, a significant advantage in a high-traffic downtown area. Adding to its appeal is a potential outdoor seating area, perfect for creating an ambient dining experience. The space will be delivered with a fully installed sprinkler system, ready for immediate restaurant build-out. Further enhancing the property's value, the landlord is committed to renovating the building's facade, repainting the exterior, and installing a new paver patio area. Tenant improvement allowances are available for qualified restaurant or retail operators. This prime location is just one block from the Medical University of South Carolina campus and is within the affluent and walkable short-term rental overlay zone, ensuring a steady stream of potential customers. The property's zoning is already approved for restaurant use, streamlining the process for prospective tenants. This is a truly remarkable opportunity to establish a thriving restaurant business in the heart of Charleston's vibrant downtown.

• Alternative Use

  Use

  Valuation

  Residential

  $357,510

  Hospitality

  $327,477

  Educational

  $272,457

  Medical

  $281,827

  Retail

  $423,822

Location Insight

City

Charleston

County

Charleston

State

South Carolina

Latitude

32.7888

Longitude

-79.9483

CBSA code

16700

CBSA name

CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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