99 Cannon Street, Charleston, SC 29403 (MLS# 31007397)

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: 5/01/2026 Last Modified: 5/01/2026

Overview

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, nine restaurants/chefs have earned Michelin and/or James Beard recognitions, making this neighborhood an exceptional culinary enclave, unlike any other area in Charleston. There are also two large development projects proposed for the adjacent corners that will further enhance the corridor; please inquire with the listing broker for additional details. 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 ... (Read more) 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, nine restaurants/chefs have earned Michelin and/or James Beard recognitions, making this neighborhood an exceptional culinary enclave, unlike any other area in Charleston. There are also two large development projects proposed for the adjacent corners that will further enhance the corridor; please inquire with the listing broker for additional details. 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 details how the sales price was formulated. 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.

Listing Details MLS# 31007397

Location

Street Number: 99
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: 460-15-02-078
Opportunity Zone: No

General Information

Property Sub Type: Retail
Listing Name: Entitled Corner - Restaurant w/ Patio, STR's & Onsite Parking
Is Condo?: No
Property Condition: Proposed
Building Area Total: 5103
Zoning: City of Charleston - LB - Limited Business
Property Visibility: Excellent
Anchored?: No
List Price/SqFt: 676.07
For Comp Purposes Only: No
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2025-11-17
Original List Price: 3450000

Building Related

Tenancy: Multiple Tenants
Year Built: 1831
Parking Total: 9

Land Related

In Flood Plain?: Yes

Status Change Info

Status Change Date: 2026-05-01
Back on Market Date: 2026-05-01

More Information

Auction Details

Auction: No

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, nine restaurants/chefs have earned Michelin and/or James Beard recognitions, making this neighborhood an exceptional culinary enclave, unlike any other area in Charleston. There are also two large development projects proposed for the adjacent corners that will further enhance the corridor; please inquire with the listing broker for additional details. 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 details how the sales price was formulated. 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: Yes

Structure Type

Mixed Use: Yes

Parking Type

Surface: Yes

Property Features

Property Sub Type: Retail Structure Type: Mixed Use Parking Type: Surface

Documents

Rendering ›

Brochure ›

Listing Office: Price Ventures, LLC

Last Updated: May - 01 - 2026

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