61 Arrow RdHilton Head Island, SC 29928

Property Details for 61 Arrow Rd

Year built

1985

Property size (Sq ft)

3,920 SF

Zone code

6615

Property type

Office properties

Property subtype

Office buildings

APN

R552 014 000 0875 0000

APU

R55201400008750000

Description

This single-story, 1,160 square foot office condo, part of a larger multi-tenant building, is available for lease. Located at 61 Arrow Road, Suite E, the property offers a traditional office layout within a 3,031 square foot building situated on a substantial 36,798 square foot lot. Built in 1985, the building features prominent building signage. The lease term extends through April 30, 2026, with a monthly rental rate of $1,945 from May 1, 2024, to April 30, 2025, and $2,003 per month from May 1, 2025, to April 30, 2026. The entire building comprises one structure with multiple tenants. While the minimum divisible space is 1,160 square feet, the total building area is 3,031 square feet, offering potential for expansion or consolidation depending on tenant needs. This presents a unique opportunity for businesses seeking a well-located, established office space with convenient access and visibility. The property's size and location make it ideal for a variety of businesses. The lease terms provide a clear and predictable cost structure for the foreseeable future. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $812,278

  6.5%

  $749,796

  7%

  $696,239

• Comparable approach

  Method

  Valuation

  Relative Method

  $350,446

  Geo Method

  $266,599

• Alternative Use

  Use

  Valuation

  Residential

  $929,746

  Hospitality

  $851,643

  Educational

  $708,557

  Medical

  $732,925

  Retail

  $1,102,199

Location Insight

City

Hilton Head Island

County

Beaufort

State

South Carolina

Latitude

32.1664

Longitude

-80.7677

CBSA code

25940

CBSA name

HILTON HEAD ISLAND-BEAUFORT, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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