Marcus & Millichap is pleased to present for sale 616 Meeting Street, a prime 0.56 acre site located in downtown Charleston, South Carolina. The subject property currently houses a fully occupied 4,670 square-foot retail building and is zoned general business (GB). This is a unique opportunity to acquire a fully occupied cash flowing asset on a highly visible corner location with a downtown Meeting Street address. An investor can add value during a hold period and/or collect a return while planning a redevelopment strategy. The zoning allows multiple uses including office, retail, and mixed-use.
The property is located in an Opportunity Zone.
The subject property is located at the intersection of Meeting Street and Cedar Street at the base of the Arthur Ravenel Jr. Bridge. The corner location is a highly visible site and boarders the Highway 17 off ramp which produces cars arriving into downtown from Mt. Pleasant after crossing the Ravenel Bridge. The Ravenel Bridge is traveled by more than 96,000 vehicles per day. The site has ample frontage on Meeting Street with two curb cuts located on Cedar Street.
