609 Carteret StBeaufort, SC 29902

Property Details for 609 Carteret St

Year built

1875

Lot size

2.00 AC

Property size (Sq ft)

1,032 SF

Zone code

6511

Property type

Retail properties

Property subtype

Retail space

APN

R120 004 000 0634 0000

APU

R12000400006340000

Description

This exceptional commercial property, located at 609 Carteret Street Unit 609 in Beaufort, South Carolina, presents a unique investment opportunity. Situated in the heart of Downtown Beaufort's retail overlay zone, this recently renovated, two-story building enjoys a prime location with high visibility and significant foot traffic. SCDOT data indicates a daily traffic count of 13,500 vehicles. Currently generating income from two established tenants—a women's boutique and a real estate company—the property offers immediate return on investment. The ground floor boasts spacious rooms easily adaptable to various configurations, including the potential for subdivision to accommodate multiple businesses. Two ADA-compliant half baths and space for a small kitchen are included on this level. Upstairs, a full bathroom adds versatility, making it suitable for a live/work arrangement or additional office space. Adding to its appeal, a separate 0.09-acre lot behind the building provides convenient access and parking, and offers independent development potential. The entire property is zoned T4-N, allowing for a range of uses. This property is an excellent choice for investors seeking a blend of immediate income and future development possibilities in a thriving downtown location. The 0.17-acre lot size includes both the building and the adjacent vacant lot.

• CAP approach

  CAP return

  Valuation

  6%

  $314,352

  6.5%

  $290,171

  7%

  $269,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $232,496

  Geo Method

  $176,870

• Alternative Use

  Use

  Valuation

  Residential

  $244,770

  Hospitality

  $224,208

  Educational

  $186,538

  Medical

  $192,954

  Retail

  $290,171

Location Insight

City

Beaufort

County

Beaufort

State

South Carolina

Latitude

32.4349

Longitude

-80.6696

CBSA code

25940

CBSA name

HILTON HEAD ISLAND-BEAUFORT, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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