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MLS# 31003235 | Charleston Commercial Sales

$6,249,000 | N/A beds | N/A full baths | N/A half baths | 5,532 sqft

$6,249,000 No Recent Price Change
56 Cannon Street UNIT A,B,C,D
Charleston, SC 29403
  • $1,129.61Price per SqFt
  • 5,532SqFt
  • 14Days on Market
  • N/AZoning
  • 1865Year Built
  • Multi FamilyUse
  • MLS# 31003235
  • Commercial Sales
  • Multi Family
  • Active

  • Approx Time on Market14 days
  • AreaHistoric Charleston
  • CountyCharleston
  • SubdivisionN/A

Overview

Introducing an exceptional investment opportunity to own 4 active, legal short term rental units encompassing 3 buildings in the heart of Charleston's coveted Cannonborough Elliotborough neighborhood. This property includes a total of 14 bedrooms & 14 bathrooms. The front historic blue building is a renovated duplex, which features 4 bedrooms & 4 bathrooms per unit. To the rear of the property stand 2 newly constructed single family homes, each with 3 bedrooms & 3 bathrooms. These properties present a rare chance to own a piece of Charleston's historic charm, combined with modern amenities & lucrative income. The seamless integration of modern conveniences & historic details ensures a comfortable & captivating living experience for residents or guests alike. Convenient on site parking further enhances the property's appeal, ensuring hassle-free accessibility. With all units currently operating as legal, active short-term rentals, this property presents an enticing income-generating opportunity for savvy investors. Seize this opportunity to invest in the Holy City's only neighborhood allowing legal and welcomed short term vacation rental properties.


Building Info

Anchored:  No

Year Built:  1865

Financial

Garage / Parking

Parking Type:  Surface

Lot Info

County:  Charleston

Land Size:  0.21

Misc

Title:  4 STR units in Downtown Charleston with 3 buildings and a total of 14 beds, 14 bathrooms.

Offer Compensation

Property Info

Second Property Subtype:  Hospitality, Multi Family

Zoning:  City of Charleston - LB - Lim

Nearest Msa:  Charleston-North Charleston, SC

Sale Terms:  1031 Exchange, Cash, Conventional

Property Type:  A

Original Price:  $6,249,000

Property Use Type:  Commercial, Investment, Multi-Family

Class Type:  Multi Family

Sold Info

Sqft Info

Rentable Area:  5532

Unit Info

Unit:  A,B,C,D

Utilities / Hvac

Water Source:  Public

Sewer:  Public Sewer

Directions

From Hwy 17 N, bear right onto Cannon Street, property will be on your left, just after Felix St.

Courtesy of listing office Keller Williams Realty Charleston West Ashley 

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On domicilecharleston.com since Wed, Apr 17th 2024
No Property History recorded for this listing.
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Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 05-01-2024 10:00 PM EST est.

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