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247 Robert Smalls Pky

13,950 SF Retail Building Beaufort, SC 29906 £2,210,601 (£158/SF)

Investment Highlights

  • Freestanding 13,950 SF Retail / Flex Building on 1.75 Acres
  • Large Fenced Yard Behind Building
  • High Ceilings
  • Prominent Visibility to High Traffic Counts on Hwy 170
  • Dock High Loading

Executive Summary

13,950 sf retail / flex building, situated on 1.75 acres on Highway 170, in Beaufort's main retail corridor. Built in 1996 and enlarged and renovated in 2014. The building is sprinklered and is currently configured with a large showroom, 2,000 sf +/- of warehouse with loading dock and 12x12 roll up door, two restrooms, an office and a break/file room. Large retail windows across the front of the building and high ceilings throughout. The property has a large fenced area in the back and a dedicated monument on Highway 170. Zoning allows for most commercial uses. Seller may consider leasing to the right tenant.
Located on Highway 170 in the center of Beaufort's main retail corridor. The property is surrounded by major retailers including Lowes, Publix, Harbor Freight, Sherwin Williams, Belks and Walmart to name a few, and dozens of national brand restaurants, banks and car dealerships. Beaufort is experiencing tremendous growth and the property is well situated to draw from the entire Beaufort county market. The property is about 40 minutes from Hilton Head and just under 90 minutes from Charleston. Demographics confirm nearly 50,000 residents within a five mile radius with average household incomes of over $103,000. Beaufort also receives millions of visitors each year. High traffic with 2023 Traffic counts of approximately 21,000 vpd passing the property.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Taxes £15,676 £1.12
Operating Expenses £6,339 £0.45
Total Expenses £22,015 £1.58

Financial Summary (Actual - 2024)

Taxes
Annual £15,676
Annual Per SF £1.12
Operating Expenses
Annual £6,339
Annual Per SF £0.45
Total Expenses
Annual £22,015
Annual Per SF £1.58

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,950 SF
Building Class
C
Year Built/Renovated
1999/2014
Price
£2,210,601
Price Per SF
£158
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.18
Lot Size
1.75 AC
Zoning
C5RCMU - General Commercial - Allows most commercial uses
Parking
14 Spaces (1 Space per 1,000 SF Leased)
Frontage
151 ft on Old Salem Rd

Amenities

  • Bus Route
  • Fenced Lot
  • Pylon Sign
  • Signage
  • Air Conditioning

Nearby Major Retailers

IHOP
Navy Federal Credit Union
Longhorn Steakhouse
Rent-A-Center
First Watch
Woodforest National Bank
Fifth Third Bank
Buffalo Wild Wings
Regions Bank
Cook Out

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R100-029-000-108G-0000
  • R122-029-000-0280-0000
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£68,022 (2023)
Annual Taxes
£15,676 (£1.12/sf)
Tax Year
2024
  • Listing ID: 33028723

  • Date on Market: 01/09/2024

  • Last Updated:

  • Address: 247 Robert Smalls Pky, Beaufort, SC 29906

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