209 Cannon St - Cannon Rutledge Development Opportunity 0.61 Acres of Commercial Land Offered at $13,643,531 CAD in Charleston, SC 29403

Cannon-Rutledge presents a rare opportunity to acquire a contiguous downtown Charleston development site with approved entitlements for a mixed-use project combining residential, hospitality, retail, and commercial components. The assemblage encompasses five properties totaling approximately 0.61 acres and benefits from an approved Planned Unit Development (PUD), providing a clear path toward execution in one of the Southeast's most supply-constrained urban markets.
The approved development plan includes 25 residential units totaling 58 bedrooms, commercial space designed for restaurant and office or retail uses, and dedicated on-site parking. Existing historic rental properties currently provide income while allowing a future owner to advance development plans. The project's design vision incorporates a signature corner building at Cannon Street and Rutledge Avenue alongside complementary residential structures intended to blend Charleston's historic character with contemporary functionality.
Positioned within downtown Charleston, the property benefits from proximity to King Street, The Battery, Colonial Lake, and the College of Charleston. Charleston continues to attract population growth, tourism activity, and business investment supported by its diversified employment base, international port facilities, airport connectivity, and expanding regional economy. The site's location within one of the city's most walkable districts further supports long-term residential, hospitality, and commercial demand.
Approved entitlements, existing income, and the scarcity of comparable development assemblages combine to create a compelling opportunity for investors and developers seeking exposure to one of the nation's most recognized coastal markets.