7 Robert Smalls PkwyBeaufort, SC 29906

Property Details for 7 Robert Smalls Pkwy

Year built

1970

Lot size

0.69 AC

Property size (Sq ft)

14,712 SF

Zone code

6611

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R122 029 000 004I 0000

APU

R122029000004I0000

Description

This exceptional 1,325 square foot office space presents a rare commercial opportunity within the revitalized Beaufort Plaza Shopping Center. Located in the City of Beaufort submarket, this single-tenant space is part of a 7,356 square foot building situated on a 0.69-acre lot. The building, constructed in 1970 and extensively renovated in 2021, boasts a Class A designation and offers a flexible layout perfect for a variety of businesses. The space is currently vacant and ready for immediate occupancy. The property's zoning is T5-UC. The building is a single-story structure with no elevators. This prime location offers excellent visibility and accessibility, surrounded by established businesses including Publix, Staples, Chipotle, and Five Guys. The HVAC system will be installed upon lease execution. Tenants are responsible for their pro-rata share of taxes, insurance, and common area maintenance. This is an unparalleled chance to establish your business in a thriving retail environment. The building's floor area ratio (FAR) is 0.25. Don't miss this opportunity to become part of the exciting new Beaufort Plaza.

• CAP approach

  CAP return

  Valuation

  6%

  $3,536,180

  6.5%

  $3,264,170

  7%

  $3,031,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,367,850

  Geo Method

  $1,040,590

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,418,900

  Mixed-Use / Specialty

  $3,230,930

  Hospitality / Lodging

  $2,342,300

  Office

  $3,189,230

  Institutional / Educational

  $3,351,140

  Residential Income

  $3,920,840

  Multifamily

  $4,822,200

  Automotive / Energy

  $2,872,410

  Parking / Income-Based Land

  $1,012,580

  Restaurant / Food Service

  $1,634,330

  Healthcare / Senior Housing

  $3,335,410

Location Insight

City

Beaufort

County

Beaufort

State

South Carolina

Latitude

32.4397

Longitude

-80.7028

CBSA code

25940

CBSA name

HILTON HEAD ISLAND-BEAUFORT, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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