Two adjoining properties in The Heart of Downtown Beaufort that have frontage on Bay Street, Charles Street, and Port Republic Street. The Cannon Building located at 211 Charles Street will be demolished and is fully permitted for a 27,500 SF three story property with 19 Two - Bedroom apartments and 2,500 SF of street retail. The Old Bay Building is a two story 18,264 SF property with frontage on Bay Street and Port Republic Street - the 1st floor has 10,843 SF of retail and restaurant space (fully leased) and the second floor has 7,421 SF of event and office space and a 3,000 SF exterior deck area. This building could be redeveloped with retail/restaurant space on the first floor, apartments on the second floor, and integrated with the adjoining Cannon Building to develop a Class A residential or hospitality property with a retail/restaurant component.