510 Meeting St Charleston, SC 29403
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.