Office•Office Building•For Sale

Investment Opportunity - Hilton Head Island

21 New Orleans Road Units C-D, Hilton Head Island, South Carolina 29928

Sale Price $530,280
Sale Type Investment
Bldg Type Multi-Tenant
Class B
Year Built 1984
Stories 1
Vacancy 100%
Gross Bldg 4,419 SqFt
Market Hilton Head
Hilton Head investment opportunity, comprised of two commercial office condominiums for sale, occupied by a single, very successful vacation rental company that has been in business for 25 years. There is a new six year lease in place, providing a steady income stream through December 31, 2025. The units contain a total of 4,419 square feet plus large storage area upstairs, not included in the total square footage of the property. One of the units is the end-cap closest to New Orleans Road, providing excellent visibility. The space is designed so that it can be split into two separate but complete units in the future if needed. HVAC units are nearly new. Monument signage in place. Situated on New Orleans Road, a major secondary artery on the south end of Hilton Head Island, that intersects with William Hilton Parkway in two locations and Pope Avenue to the east.  The property is surrounded by commercial and residential developments, including Shipyard Plantation and Long Cove. It is near the busy Sea Pines Circle and in close proximity to the new USCB campus and the Cross Island Connector. Numerous shopping and dining options within walking distance. The south end of the island is bustling with both permanent residents and more than 2.5 million visitors per year.
  • Income Producing Office Condos for Sale on Hilton Head
  • New Six-Year Lease in Place
  • Long Standing, Successful Rental Company Leasing the Property
  • Near New HVAC Units
2/19/2020 9:53:21 PM 3/26/2020 5:10:23 PM
Vonnie Majewski, CCIM
Partner
SVN | GASC
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