Motivated Seller PRICE REDUCTION! Bring offers!! Great combination of historic residence with parking and investment opportunity. Well priced asset! Call me to see it !Be sure to watch the video ! I can email it to you. Perfect for a 1031 Exchange. Live-work BnB Beautiful Residential adjacent to office /income property.BEAUTIFUL 2900 sq ft home on upper floors of historic building with separate entrance and elevator AND over 4500 sq ft of separate office/investment space with some parking on site.7800 sq ft NEW SALES PRICE $ 3,990,000.00Unique 123 Meeting Street building- Historic and updated.Perfect 1031 exhange/owner -user / High end home with office income property below and grandfathered BNB opportunity for resident. Formerly occupied as a family residence above with BNB license in The Residence and a law firm operated in office space before retirement.THE RESIDENCE at 123 : 2900 +/-Amazing two floor residence with all the upgrades! Former owners lived in the top two floors and leased lower floors to law firm. Elevator access, full fire system, Brazilian hardwood floors, spacious closet and storage space, 3 1/2 bathrooms, Solid hardwood doors, all Baldwin Brass hardware, book cases and custom cabinetry throughout. Modern kitchen and bathrooms. Top floor has mini kitchen if used for BNB Ability to add terrace off the family room with beautiful views of Broad Street.Schematic of floor lay-outs available. (Not for construction.)Offices at 123 Meeting Street : 4500 sq ft +/- and 4/8 stacked on site parking.Surface parking available to purchase/lease nearby.Zoning Spec/Off Building is fully sprinkled and includes an exterior fire escape.Office entry has beautiful mahogany wood panels with original brick walls lobby to enter office space.New carpet and paint, ready to move in, bright sunny office, 2 conference rooms, mini kitchen break rooms, front and rear exits, key man/woman office , lots of windows, convenient to Broad Street. Watch the video to appreciate the quality finishes and bright sunny spaces.Offices and Residence are a mix of all the modern conveniences, gorgeous hardwood floors, historic brick. Original building late 1880's and office addition. Residence was completely restored by the current owners.
| Acres | 0.1 |
| City Name | Charleston |
| County | Charleston |
| State | SC |
| Property Type | Office |
| Postal Code | 29401 |
| Square Feet | 7800 SF |
| Landsize Units | 0.1000Acre |
| Status | Active |
| Parcel Number | 4570804006 |
| Title | 123 Meeting Street Office/Residential/Parking B&B license |
| Year Build | 1880 |
| Zoning | City of Charleston - GB - General Business |
Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.
We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.
We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.
Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.
