200 Meeting Street

200 Meeting St, Charleston, SC 29401

  • For Sale Inquire for Pricing
  • Property Type Office - General Office
  • Property Size 145,407 SF
  • Units 22
  • Lot Size 1.47 Acre
  • Building Class A
  • Date Updated Apr 21, 2024
CharlestonAvison Young, serving as the exclusive agent, is excited to present the sale of 200 Meeting Street – a 4-story mixed-use property with an attached 355-car garage, centrally located in historic Charleston, South Carolina. Nestled in a prime spot surrounded by a blend of cultural heritage and modern conveniences, this property holds a strategic position in the financial and commercial hub of the SC Coastal Region. Boasting a growing population, a technically skilled workforce, and global marketplace connections, Charleston provides an ideal backdrop for this investment opportunity. The property's average in-place office rents, currently 24% below market value, offers significant potential for increased returns through capital investment and a revamped marketing and lease-up strategy. Additionally, the existing vacancy opens up possibilities for a coveted residential conversion in this highly desirable historic district.

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Attachments

Highlights

  • Below-Market Average In-Place Office Rents:
  • - Over 64,000 RSF of vacant office space allows for immediate upside through lease-up
  • - Current in-place rents average $28/SF, a 24% discount to market rates
  • - 2-year WALT allows for new ownership to further capitalize on increased future rents
  • Investment Grade Credit Tenants???????
  • - Bank of America: Moody’s (A1) & Fitch (AA-)
  • - Morgan Stanley: Moody’s (A1) & Fitch (A)
  • - New York Life: Moody’s (Aaa) & Fitch (AAA)
  • Potential for Numerous Business Plans
  • - Buyers can unlock immediate upside through a capital improvement plan and the resulting lease-up of vacant spaces
  • - Vacancy also allows for potential residential conversion
  • Market Demand
  • - Current tenants include legal, insurance and financial services firms
  • Flexible Floor Plan Availability
  • - Multiple vacant suites are adjacent to each other, allowing for potential combinations and flexibility in size and layouts
  • Prime Downtown Location
  • - Situated across from the iconic Charleston Place hotel with high-end ground floor retail generating significant pedestrian activity year round
  • - One block from the world-renowned King Street shopping corridor, with strong retail tenants including Apple, St. John, Gucci, Louis Vuitton, Target, Brooks Brothers, Golden Goose, Johnny O and J.Crew
  • - Short walk from Charleston City Market, a national historic landmark, converted to an open-air shopping and dining destination

Contacts

broker

James Nelson

Avison Young - US - NY - New York

(212) 729-7140

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise

  • Transit Score ®

    45/100 Some Transit

  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City Charleston, SC
  • Neighborhood Downtown Charleston
  • Zip Code 29401
  • Market Charleston

Points of Interest

  • North Charleston Transit Center

    7.57 miles

  • Shell

    0.42 miles

  • Exxon

    0.89 miles

  • Circle K

    2.20 miles

  • Exxon

    2.51 miles

  • Kanagroo

    2.79 miles

  • Circle K

    2.79 miles

  • Scotchman

    2.80 miles

  • Fuel Express

    2.81 miles

  • Clair's Service Station

    2.96 miles

  • Scotchman

    3.11 miles

  • Parking Garage

    0.16 miles

  • Wentworth Street Parking Garage

    0.25 miles

  • George Street Garage

    0.33 miles

  • Condominium

    0.43 miles

  • Library Parking Garage

    0.46 miles

  • Camden Garage

    0.56 miles

  • St. Philip Street Parking Garage

    0.56 miles

  • Aquarium Parking

    0.57 miles

  • Marriott Parking

    1.47 miles

  • Holiday Inn Express Parking

    1.52 miles

  • Andrew Pickney Inn

    0.04 miles

  • DoubleTree

    0.05 miles

  • Indigo Inn

    0.06 miles

  • Planters Inn

    0.08 miles

  • Jasmine House Inn

    0.08 miles

  • Church Street Inn, Ascend Hotel Collection

    0.10 miles

  • Palmer's Pinckney Inn

    0.10 miles

  • The Ryder Hotel

    0.11 miles

  • French Quarter Inn

    0.12 miles

  • The Spectator Hotel

    0.13 miles

  • Hank's

    0.04 miles

  • TBonz

    0.06 miles

  • Mercato

    0.07 miles

  • FIG

    0.07 miles

  • Peninsula Grill

    0.07 miles

  • Hyman's Seafood

    0.08 miles

  • Sticky Fingers

    0.09 miles

  • Anson

    0.09 miles

  • Barbara Jeans

    0.09 miles

  • Cru Cafe

    0.11 miles

  • Saint Josephs School

    0.30 miles

  • Memminger Elementary School

    0.30 miles

  • Charleston Day School

    0.37 miles

  • Buist Academy

    0.38 miles

  • College of Charleston

    0.42 miles

  • Saint Patricks School

    0.72 miles

  • Courtenay School

    0.75 miles

  • Ashley Hall

    0.79 miles

  • Palmer College

    0.81 miles

  • Ashley Hall School

    0.86 miles

  • The Goddard School

    9.67 miles

Frequently Asked Questions

What is the total square footage of 200 Meeting Street?

200 Meeting Street totals 145,407 square feet.

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Contact Listing Broker

broker

James Nelson

Avison Young - US - NY - New York

(212) 729-7140