111 Cannon Street, Charleston, SC 29403 (MLS# 31008746)

111 Cannon Street, Charleston, SC 29403

New Listing

$3,980,000

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Property Type: Commercial Sale Square Footage: 2,811 Status: Active

Current Price: $3,980,000 List Date: 6/05/2026 Last Modified: 6/05/2026

Overview

Description

Stunning, turnkey short-term rental opportunity in the heart of downtown Charleston. This exceptional two-unit property features a total of 7 bedrooms and 7 bathrooms, including a 4 bed / 4 bath Unit A and a 3 bed / 3 bath Unit B, offering immediate income potential ($375k+) with professional management already in place and a proven track record of consistent 5-star guest reviews. Originally a historic residence, the property has been completely renovated by a premier general contractor and interior design team, blending classic Charleston character with modern functionality. Each unit is professionally furnished and thoughtfully appointed, and the sale includes all appliances, fixtures, and furnishings providing a seamless, turnkey investment. The outdoor living experience sets this property apart, featuring a private backyard retreat with spa, built-in grill, expansive lounge deck, and large outdoor dining area. Blue stone patios and brick walkways are complemented by custom lands ... (Read more)

Listing Details MLS# 31008746

Location

Street Number: 111
Street Name: Cannon
Street Suffix: Street
County: Charleston
Nearest MSA: Charleston-North Charleston, SC
Submarket/Township: 51 - Peninsula Charleston Inside of Crosstown
State or Province: SC
Postal Code: 29403
Parcel Number: 460-15-02-001
Opportunity Zone: No

General Information

Property Sub Type: Multi Family
Secondary Sub-Type: Hospitality
Listing Name: Renovated Two Unit Short-Term Rental Opportunity w/ Pool
Number of Units Total: 2
Building Area Total: 2811
Lot Acres: 0.13
Zoning: City of Charleston - LB - Limited Business
List Price/Acre: 30615384.62
List Price/SqFt: 1415.87
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2026-06-05
Original List Price: 3980000
Tax Legal Description: 111 Cannon

Building Related

General Condition: Excellent
Year Built: 1910
Year Renovated: 2022
Parking Total: Yes
Number Of Buildings: Yes

Land Related

In Flood Plain?: No

Status Change Info

Status Change Date: 2026-06-05

More Information

Auction Details

Auction: No

Directions & Remarks

Directions: Take Rutledge Avenue South then turn right on to Cannon St. Property is located on left-hand side of the street.
Public Remarks: Stunning, turnkey short-term rental opportunity in the heart of downtown Charleston. This exceptional two-unit property features a total of 7 bedrooms and 7 bathrooms, including a 4 bed / 4 bath Unit A and a 3 bed / 3 bath Unit B, offering immediate income potential ($375k+) with professional management already in place and a proven track record of consistent 5-star guest reviews. Originally a historic residence, the property has been completely renovated by a premier general contractor and interior design team, blending classic Charleston character with modern functionality. Each unit is professionally furnished and thoughtfully appointed, and the sale includes all appliances, fixtures, and furnishings providing a seamless, turnkey investment. The outdoor living experience sets this property apart, featuring a private backyard retreat with spa, built-in grill, expansive lounge deck, and large outdoor dining area. Blue stone patios and brick walkways are complemented by custom landscaping and iron gates, creating one of the most distinctive and upscale outdoor environments in the city. Projected 2026 revenue is estimated at $367,000, with over $200,000 already booked, underscoring the property's strong performance and demand. Additional financials and expense details are available upon request. Ideally located within walking and biking distance to MUSC, as well as the vibrant shops, restaurants, and nightlife of Cannonborough-Elliotborough and Upper King Street, this offering presents a rare opportunity to acquire a high-performing, fully permitted short-term rental asset in one of Charleston's most sought-after neighborhoods.

Property Sub Type

Hospitality: Yes
Multi Family: Yes

Roof

Metal: Yes

Current Use

Multi-Family: Yes

Structure Type

Duplex: Yes
Multi Family: Yes

Construction Materials

Wood Siding: Yes

Parking Type

Surface: Yes

Heating

Heat Pump: Yes

Cooling

Heat Pump: Yes

Internet Access

Cable: Yes
Fiber Optic: Yes
Gigabit: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Property Features

Property Sub Type: Hospitality; Multi Family Current Use: Multi-Family Structure Type: Duplex; Multi Family Roof: Metal Construction Materials: Wood Siding Parking Type: Surface Heating: Heat Pump Cooling: Heat Pump Internet Access: Cable; Fiber Optic; Gigabit Water Source: Public Sewer: Public Sewer Listing Terms: Cash; Conventional

Documents

Floor Plan ›

Offering Memorandum ›

Listing Office: The Boulevard Company

Last Updated: June - 05 - 2026

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