Redevelopment Service Garage
1822 Meeting Street Road Charleston, SC 29405
1822 Meeting Street Road, Charleston, SC, 29405
$4,200,000
For Sale
$4,200,000
A General Business-zoned opportunity zone parcel with an on-site service garage and utilities ready for redevelopment.
Property Size9,516 SF
Lot Size2.07 Acres
Price / SF$441.36
Days on Market47
Property Features for 1822 Meeting Street Road
General Information
- Standard status
- Active
- Size
- 9,516 SF
- Lot size
- 2.07 Acres
- Property subtype
- Redevelopment Opportunity
Listing Agency
NAI Charleston
(843) 696-7653
Listed by
Jack Owens, CCIM · License #22134
(843) 696-7653
Source
Naicharleston
Added: Jun 2 Checked: Jul 17 at 5:55 am
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 NAI Charleston
Investment Insights
Based on property information with market context.
This offering includes a ±2.07-acre land parcel improved with a ±9,516 SF service garage. The site is positioned for redevelopment, with the existing structure providing a starting point while future plans can be tailored to the intended commercial use. The property benefits from available sewer, water, and power at the site, supporting flexibility for prospective operators and developers.
Located in the “neck” area of Charleston’s peninsula, the property sits in a rapidly developing submarket between North Charleston and downtown Charleston. It offers easy access to I-26 and is described as just minutes from the North Charleston Port Terminal. The property is also located within an Opportunity Zone and is zoned General Business.
For tenants, buyers, and investors, this is a practical redevelopment platform where an industrial or service-oriented concept can be shaped to fit the site’s configuration and utility access. The combination of an existing service garage, Opportunity Zone designation, and strong regional positioning between key demand centers may appeal to development groups looking for an infill site with utility support already in place.
Located in the “neck” area of Charleston’s peninsula, the property sits in a rapidly developing submarket between North Charleston and downtown Charleston. It offers easy access to I-26 and is described as just minutes from the North Charleston Port Terminal. The property is also located within an Opportunity Zone and is zoned General Business.
For tenants, buyers, and investors, this is a practical redevelopment platform where an industrial or service-oriented concept can be shaped to fit the site’s configuration and utility access. The combination of an existing service garage, Opportunity Zone designation, and strong regional positioning between key demand centers may appeal to development groups looking for an infill site with utility support already in place.
Key Highlights
- 2.07‑acre parcel at 1822 Meeting Street Rd. in Charleston
- On‑site 9,516 SF service garage
- Zoned General Business
Local Financial Insights For Warehouse
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 | $169.0k | $17.76 |
| − Vacancy | −$22.0k | −$2.31 |
| EGI | $147.0k | $15.45 |
| − OpEx | −$22.1k | −$2.32 |
| NOI | $125.0k | $13.13 |
9,516 SF · lease $17.76/SF/yr · vacancy 13.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.79M
$1.56M – $2.08M
NOI $124,979 @ 7.0% cap · market cap 2.98%
Second Best
Industrial
$1.47M
$1.29M – $1.72M
NOI $102,924 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$2.58M
$2.25M – $3.00M
NOI $180,263 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Emergency Dentist
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- Craig Kiriokos, Realtor - Bright City Brokerage — 1910 Cosgrove Ave, North Charleston, SC 29405
FAQs
What type of property is this?
Warehouse - A General Business-zoned opportunity zone parcel with an on-site service garage and utilities ready for redevelopment.
Where is this warehouse located?
The property is located at 1822 Meeting Street Road Charleston, SC.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 2.07‑acre parcel at 1822 Meeting Street Rd. in Charleston; On‑site 9,516 SF service garage; Zoned General Business
