35 Cannon Street, Charleston, SC 29403
$3,195,000
Property Type:
Commercial Sale
Square Footage:
3,262
Status:
Active
Current Price:
$3,195,000
List Date:
10/22/2026
Last Modified:
10/23/2026
Listing Details MLS# 31009741
Location
- Street Number
- 35
- 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
- 4601201053
- Opportunity Zone
- Yes
General Information
- Property Sub Type
- Multi Family
- Secondary Sub-Type
- Hospitality
- Tertiary Sub-Type
- Special Purpose
- Listing Name
- Three Permitted STRs | $313K Projected 2027 Gross Revenue | 35 Cannon St
- Building Area Total
- 3262
- Zoning
- City of Charleston - GB - General Business
- List Price/SqFt
- 979.46
- Opt In to Crexi?
- Yes
Contract Information
- Listing Contract Date
- 2026-10-22
- Original List Price
- 3195000
- Tax Legal Description
- 35 35 1/2 And Rear Cannon
Building Related
- Year Built
- 1880
- Year Renovated
- 2023
- Parking Total
- 5
- Number Of Buildings
- 2
Land Related
- In Flood Plain?
- Yes
Financials
- Tax Assessed Value
- 43960
More Information
Status Change Info
- Status Change Date
- 2026-10-22
Auction Details
- Auction
- No
Directions & Remarks
- Public Remarks
- Welcome to 35 & 35 1/2 Cannon Street, a rare, turnkey three-unit short-term rental investment opportunity in Charleston's highly desirable Cannonborough-Elliotborough neighborhood, just two blocks from King Street. Projected to generate $313,000 in stabilized gross rental revenue in 2027, this fully furnished, professionally managed property offers investors an established income-producing asset in one of Downtown Charleston's most sought-after locations.Two separate buildings on one parcel. The property features two 2-bedroom, 2.5-bath residences of approximately 1,049 SF each, both with private piazzas, along with a detached two-story, 3-bedroom, 2.5-bath single-family residence of approximately 1,164 SF featuring front and upper porches. Together, the three units offer approximately3,262 heated SF, 7 bedrooms, and five on-site parking spaces--a rare amenity in Downtown Charleston. Front house driveway has 3 tandem, back house has 2 spaces on left side. All three units are actively licensed short-term rentals with transferable STR permits, allowing for non-owner-occupied rental operations. Extensively renovated in 2023, improvements include new roofs, mechanical, electrical and plumbing systems, flooring, and select structural upgrades. Located just steps from Charleston's acclaimed restaurants, shopping, and entertainment, this property combines a prime walkable location with established STR operations, professional management, and a fully furnished, turnkey offering. A compelling opportunity to acquire a renovated, income-producing investment property in the heart of Downtown Charleston.
Property Sub Type
- Hospitality
- Yes
- Multi Family
- Yes
- Special Purpose
- Yes
Existing Lease Type
- Other
- Yes
Roof
- Metal
- Yes
- Shingle
- Yes
Current Use
- Investment
- Yes
- Multi-Family
- Yes
- Other
- Yes
Structure Type
- Duplex
- Yes
- Multi Family
- Yes
- Triplex
- Yes
Construction Materials
- Wood Siding
- Yes
Parking Type
- Surface
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
- Other
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
- Heat Pump
- Yes
- Wall Unit(s)
- Yes
- Other
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
- Other
- Yes
Property Features
Property Sub Type:
Hospitality; Multi Family; Special Purpose
Current Use:
Investment; Multi-Family; Other
Structure Type:
Duplex; Multi Family; Triplex
Existing Lease Type:
Other
Roof:
Metal; Shingle
Construction Materials:
Wood Siding
Parking Type:
Surface
Heating:
Electric; Heat Pump; Other
Cooling:
Ceiling Fan(s); Central Air; Heat Pump; Wall Unit(s); Other
Water Source:
Public
Sewer:
Public Sewer
Listing Terms:
1031 Exchange; Cash; Conventional; Other
Documents
Floorplan ›
Listing Office:
King and Society Real Estate
Last Updated: October - 23 - 2026
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