575 Meeting St.

Retail-Commercial for Sale
Catylist Listing ID: 30208415
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 9,000 SF
Gross Building Area: See Agent
Sale Price: $2,000,000
Unit Price: $222.22 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 2/13/2018

Overview / Comments

Historic property just south of the Arthur Ravenel Bridge. This unique opportunity to be part of a large scale development while retaining the character of a historic building. This property will stand out along Meeting St. as a premier retail/office location with built in clientele and high traffic visibility.

575 Meeting has large open space with exposed brick and beamed ceilings. Approved architectural plans call for opening up the north facade with large windows that will illuminate the entire space. Opportunity for restaurant to included outdoor seating along Spell St. and modify the opening to be operable glass garage style doors to connect the indoor and outdoor spaces.

Potential to also include 577 Meeting which is 900 SF of interior space with connection to a courtyard that serves as an outdoor room. The courtyard will be protected from the Meeting St. corridor and create a haven for outdoor dining and events.

Shared access and maintenance of Spell Street and the 17+ surface parking spaces is included in the offering.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 52 - Peninsula Chas. outside of crosstown
Tax ID/APN: 463-16-04-021
Largest Nearby Street: Meeting & Huger
Traffic/Vehicle Count: 17,000
Highway Access: Convenient access onto Hwy17 & I-26 less than half a block north on Meeting St.
Site Description: Positioned at the entrance of the Spell St. Apartments which consists of 119 apartments, a parking garage and the Huger St. apartment project to the rear.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Year Built: 1900
Year Renovated: 2018
Construction/Siding: Brick
Exterior Description: Historic brick structure with all new wooden fenestration, including operable french doors that open onto outdoor areas.
Parking Type: Surface
Passenger Elevators: 1
Interior Description: Open floor-plan with tall ceiling, exposed brick and large wooden beams. New wooden french doors that open onto the outdoor space.
Part of Planned Development?: Yes

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,536 57,624 138,338
Median Age: 30.29 33.6 36.2
Households: 7,033 24,233 57,866

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