For Sale
$3,950,000

616 Meeting StCharleston, SC 29403

Prime retail location, 4,670 SF, high growth area.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 0.56-acre redevelopment opportunity is located at 616 Meeting Street in Charleston, South Carolina, 29403. The property features a 4,670 square foot, single-story building constructed in 1991, currently zoned General Business (GB). Its highly visible corner location offers excellent accessibility, situated at the base of the Arthur Ravenel Jr. Bridge and adjacent to I-26/Highway 17 access ramps. The site's prime location within a rapidly growing area presents significant upside potential. The General Business zoning allows for multiple uses, making it ideal for value-add or complete redevelopment. This cash-flowing asset benefits from its location in an Opportunity Zone and along a primary corridor experiencing substantial growth. The area boasts over 2,500 apartment units either recently completed or currently under construction within a half-mile radius, further enhancing the property's desirability and potential for future development. The asking price is $3,950,000.

Highlights

  • Prime value-add/redevelopment site in Downtown Charleston.
  • Highly visible corner lot on Meeting Street.
  • 0.56-acre site with General Business (GB) zoning, allowing multiple uses.
  • Cash-flowing asset with significant redevelopment potential; located in an Opportunity Zone.
  • Excellent accessibility; situated at the base of the Arthur Ravenel Jr. Bridge, adjacent to I-26/Highway 17 ramps.
  • High barrier to entry market with rapid growth; over 2,500 apartment units delivered or under construction within 0.5 miles.

Property Details for 616 Meeting St

Property type
Lifestyle centers, Power centers
Square Feet
4,670 SF
Year Built
1991
Buildings
1
Stories
1
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Charleston
County
Charleston
State
South Carolina
Latitude
32.8044782
Longitude
-79.9452044
616 Meeting St, Charleston, South Carolina

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616 Meeting St
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