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Property profile & analytics
OFF-MARKET
Restaurants

89 Cannon St Charleston, SC 29403

Property ID
Property summary
AI-generated overview

This exceptional 2,303-square-foot restaurant space at 89 Cannon Street in Charleston, South Carolina, presents a unique opportunity for discerning restaurateurs. Located in the highly sought-after Short Term Rental Overlay district, this first-generation space boasts over 100 linear feet of captivating storefront along Cannon Street, showcasing 11-foot-tall glass windows and doors. The expansive interior, featuring 13-foot ceilings, handsomely detailed windows and façade, and a recessed corner entrance, can comfortably seat over 90 diners. A rare amenity in this area, the property includes valuable sidewalk dining space. Scheduled for completion in Q4 2024, this allows prospective tenants to participate in the design and planning process. The shell will include essential MEP infrastructure, a sprinkler system, a 2,000-gallon grease trap, and two vertical chases for a hood system, along with a concrete slab with plumbing provisions. A tenant improvement allowance is available for qualified tenants and terms. The development also incorporates eight new short-term rental units, potentially providing a built-in customer base of up to 70 nightly visitors. This vibrant neighborhood, situated within a few blocks of over 1,000 vacation rental units, is rapidly becoming a culinary hotspot, attracting renowned James Beard and Michelin-recognized chefs and restaurants. Its central location offers easy access to King Street, just a seven-minute walk away. The 29403 zip code ensures a prime address in Charleston's thriving food scene.

Property profile
Verified
Property type Restaurants
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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