111 Cannon Street, Charleston, SC 29403
$3,980,000
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
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 ›
Listing Office:
The Boulevard Company
Last Updated: June - 05 - 2026
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