396 Meeting Street

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30361509
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 2,842 SF
Gross Building Area: See Agent
Gross Land Area: 0.07 Acres
Sale Price: $1,150,000
Unit Price: $404.64 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: 3.91%
Last Updated: 10/16/2019

Overview / Comments

396 Meeting is an iconic stand-alone building consisting of 2,842 square feet situated on 0.07 acres in an Opportunity Zone in Downtown Charleston. This downtown property was built in 1973 and is currently leased by Enterprise. It is ideally located in a growing area of the peninsula just north of the Meeting and Mary Street intersection. Neighbors include the Charleston School of Law and My House. The property includes on-site parking that is negotiable and is within walking distance to multiple downtown Charleston landmarks and amenities.

396 At-A-Glance
• $1,150,000
• 2019 Projected Revenue: $44,918 

• 2,842 RBA on 0.07 acres of land 

• First floor commercial leased by Enterprise 

• Second floor residential or office (value-add opportunity) 

• 9 On-site Parking Spaces 

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 51 - Peninsula Chas. inside of crosstown
Tax ID/APN: 459-09-03-106
Zoning: MU2-WH
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Mary & Reid Street
Property Visibility: Excellent
Largest Nearby Street: Meeting Street
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1973
Parking Type: Surface
Zoning Description: Mixed Use, MU-2 District. The MU-2 district is intended to permit high density residential uses in a commercial zoning district that permits the same commercial uses as the General Business district.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,079 55,690 135,743
Median Age: 28.61 33.84 36.6
Households: 9,218 23,506 56,655
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