200 Meeting Street

For Sale

200 Meeting St, Charleston, SC 29401

This Charleston property for sale is located at 200 Meeting St. The general use of 200 Meeting Street is office and it incorporates 145,407 square feet of class A office space. The current listed sale price for 200 Meeting Street is Inquire for Pricing. 200 Meeting Street is situated on a lot that is 1.47 acre in size.

Contacts

broker

James Nelson

Avison Young - US - NY - New York

(212) 729-7140

Property Details

  • 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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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

Attachments

Getting around

  • 95/100

    Walk Score ®

  • 45/100

    Transit Score ®

  • 81/100

    Bike Score ®

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Location

  • 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

  • Harris Teeter

    0.23 miles

  • Coast Guard Exchange

    0.94 miles

  • Publix

    1.59 miles

  • Food Lion

    2.00 miles

  • Earth Fare

    2.61 miles

  • Harris Teeter

    2.65 miles

  • Whole Foods Market

    2.80 miles

  • Trader Joe's

    2.98 miles

  • Harris Teeter

    3.04 miles

  • Publix

    3.06 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

James Nelson

Avison Young - US - NY - New York

(212) 729-7140