248, 250 & 252 Meeting Street,Charleston, SC

248, 250 & 252 Meeting StreetCharleston, SC

252 Meeting Street was constructed in 1838. John Whiting, a merchant, built the structure to replace an earlier building lost to in the Great Fire of 1838. It was a combined commercial-residential building, with a shop on the first level and residence on the upper levels. It was renovated in 1976. Most recently, it was used as an office space, and it was used as hotel rooms prior to that. Presently, the building is approx. 3,636 sqft with an attached garage. Over the collective of 248, 250 and 252 Meeting Street, are 22 surface lot parking spaces and 2 garage parking spaces, for a total of 24 spaces. The Preservation Society has a facade easement on the structure. In speaking with Kristopher King, he said he would certainly work with a renovation, as this was one of the first facades given to the Society. 252 Meeting Street is in moderate condition and could be reconfigured/updated as an office building, small inn, or residence. The location is prime for a commercial use.

Info

AreaPeninsula Charleston Inside of Crosstown
City NameCharleston
CountyCharleston
StateSC
Property TypeOffice
Postal Code29401
Date Modified 2022-12-18T09:13:59
Property StatusExisting
Status Active
Title 248, 250, & 252 Meeting Street
Zoning GB
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Listed by: Carriage Properties LLC | 843-266-8000

Our ProcessStep By Step

SiteIdentification

Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.

SiteInspections

We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.

PropertyAnalysis

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.

TheUnderwriting

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.