Multi-Suite Office
1629 Meeting St Charleston, SC 29405
For Sale
Contact for pricing
Well-maintained office building with multiple suites across two floors and parking behind the property.
Property Size8,589 SF
Price / SF$413.32
Days on Market183
Property Features for 1629 Meeting St
General Information
Standard status
Active
Size
8,589 SF
Property subtype
OFFICE
Listing Agency:
Clement, Crawford & Thornhill
(843) 343-2268
Listed By:
Joseph C Tecklenburg · License #SC 89603
(843) 343-2268
Source:
Moodyscre
Added: Jan 28
Changed: Jul 27
Last Checked: Jul 29 at 12:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clement, Crawford & Thornhill
Investment Insights
Based on property information with market context.
1629 Meeting Street Road is a well-maintained office property consisting of one building with multiple suites. The first floor totals approximately 4,307.5 SF and includes restroom and kitchenette space, with about 1,400 SF occupied by a law firm and 818 SF occupied by another law firm. The first floor also includes approximately 2,000 SF that will be vacated prior to sale. The second floor totals approximately 4,281 SF, with 727 SF occupied by a construction company and approximately 3,554 SF of vacant space.
The building has modern office finishes, kitchenettes on each floor, and restrooms throughout. Ample on-site parking is available adjacent to and behind the building.
The building has modern office finishes, kitchenettes on each floor, and restrooms throughout. Ample on-site parking is available adjacent to and behind the building.
Key Highlights
- 8,589 SF office building with multiple suites across two floors, offering flexible space for an owner‑user
- First floor totals ~4,307.5 SF with occupied law firm space (1,400 SF and 818 SF) plus ~2,000 SF to be vacated prior to sale
- Second floor totals ~4,281 SF with 727 SF occupied by a construction company and ~3,554 SF vacant space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.7k | $22.20 |
| − Vacancy | −$29.9k | −$3.49 |
| EGI | $160.7k | $18.71 |
| − OpEx | −$40.2k | −$4.68 |
| NOI | $120.6k | $14.04 |
8,589 SF · lease $22.20/SF/yr · vacancy 15.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,555 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,703 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with multiple suites across two floors and parking behind the property.
Where is this office building located?
The property is located at 1629 Meeting St Charleston, SC.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: 8,589 SF office building with multiple suites across two floors, offering flexible space for an owner‑user; First floor totals ~4,307.5 SF with occupied law firm space (1,400 SF and 818 SF) plus ~2,000 SF to be vacated prior to sale; Second floor totals ~4,281 SF with 727 SF occupied by a construction company and ~3,554 SF vacant space
