For Sale
$1,850,000

199 Parris Island GtwyBeaufort, SC 29906

9,009 SF Auto Repair Facility, Vacant, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, 9,009-square-foot auto repair facility is available for sale at $1,850,000. Located at 199 Parris Island Gateway, Beaufort, SC 29906, this vacant, single-tenant property presents a turnkey opportunity for an owner-user or corporate tenant. Built in 2007, the building sits on a 1.53-acre lot and boasts a pro-forma cap rate of 8.77% and a pro-forma NOI of $162,162. The property benefits from its strategic location within the Hilton Head MSA, a thriving area with over 80,000 residents within a 10-mile radius and a robust tourism sector. Its proximity to major thoroughfares like Robert Smalls Parkway (20,800 VPD) and Parris Island Gateway (17,000 VPD) ensures high visibility and accessibility. Furthermore, the area is experiencing significant new development, including the $60 million Beaufort Station Shopping Center (featuring Aldi, PetSmart, Ross, and more) and the 4000 Margaret Apartments (300+ Class A units). The location's proximity to a high-performing Walmart Supercenter, which recorded 1.95 million customer visits in 2022-2023, further underscores its strong retail environment. The property is zoned T5 UC-RMX. This presents a rare opportunity to acquire a well-located, high-performing asset in a rapidly growing market.

Highlights

  • $1,850,000 asking price for a vacant, 9,009 SF Class A auto shop in Beaufort, SC.
  • Net lease investment opportunity with an 8.77% pro-forma cap rate and $162,162 pro-forma NOI.
  • Located on a 1.53-acre lot, built in 2007, with excellent visibility and access to major thoroughfares (Robert Smalls Pkwy & Parris Island Gateway).
  • Strong location within the Hilton Head MSA, near significant retail developments (Beaufort Station Shopping Center) and a high-performing Walmart Supercenter.
  • Ideal for owner-users or corporate tenants seeking a turnkey auto repair facility in a growing coastal market.

Property Details for 199 Parris Island Gtwy

Property type
Retail properties, Auto shops
Square Feet
9,009 SF
Class
A
Year Built
2007
Buildings
1
Lot Size (sq. ft)
66,647 SF

Location Insight

City
Beaufort
County
Beaufort
State
South Carolina
Latitude
32.4271335
Longitude
-80.7264178
199 Parris Island Gtwy, Beaufort, South Carolina

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199 Parris Island Gtwy
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