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    510 Meeting St Charleston, SC 29403

    Sponsored
    For Sale
    $13,000,000

    100-Key Hotel, Prime Location, $13M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional opportunity to acquire a 0.46-acre, four-parcel assemblage in Charleston, SC, zoned for General Business with an Accommodations Overlay. This prime site, located at the Meeting Street exit ramp from I-26 – the "Gateway to the City" – is entitled for a 100-key, five-story hotel development (including a mezzanine level). The property offers significant potential for a high-return hospitality investment. The assemblage includes parcels TMS #s 459-05-04-222, 459-05-03-077, 459-05-03-078, and 459-05-03-079. The asking price is $13,000,000. A long-term ground lease may be considered. This is a rare chance to develop a hotel in a highly desirable Charleston location. The property's strategic position at the Interstate 26 exit ramp ensures high visibility and accessibility. The permitted zoning allows for a five-story structure, maximizing development potential. This development opportunity presents a compelling investment proposition for experienced hospitality developers.

    Property Features for 510 Meeting St

    General Information

    Property type
    Hotels
    Lot Size
    20,038 SF

    Building Details

    Stories
    5

    HighLights

    • Parcel ID Numbers: 459‑05‑04‑222, 459‑05‑03‑077, 459‑05‑03‑078, 459‑05‑03‑079
    • Zoning: GB (General Business) with Accommodations Overlay allowing up to 5 stories
    • Site Size: ±0.46 acres (±20,000 square feet)
    • 100‑Key Hotel Site; Ground Lease Considered
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.94134082
    Latitude
    32.79754391

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    FAQs

    What type of property is this?
    Hotel - 100-Key Hotel, Prime Location, $13M
    Where is this hotel located?
    The property is located at 510 Meeting St Charleston, SC.
    What is the asking price?
    The asking price for this property is $13,000,000.
    What are key features of this property?
    This property features: Parcel ID Numbers: 459-05-04-222, 459-05-03-077, 459-05-03-078, 459-05-03-079; Zoning: GB (General Business) with Accommodations Overlay allowing up to 5 stories; Site Size: ±0.46 acres (±20,000 square feet)
    Request Owner's contact information
    510 Meeting St Charleston, SC 29403
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    Charleston, SC 29403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    510 Meeting St Charleston, SC 29403
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