2 Lafayette PlHilton Head Island, SC 29926

Property Details for 2 Lafayette Pl

Year built

1999

Lot size

2.50 AC

Property size (Sq ft)

8,613 SF

Zone code

6615

Property type

Retail properties

Property subtype

Banks

APN

R510 008 000 0409 0000

APU

R51000800004090000

Description

This exceptional Class A office building, totaling 8,413 square feet, sits on a 2.5-acre lot in the highly desirable Hilton Head Island market. Previously a Regions Bank branch, the property boasts a wealth of features ideal for a variety of professional uses, including banking or medical/professional offices. The single-story building, constructed in 1994, offers multiple suites, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 8,412 square feet. Ample parking is provided with 51 spaces. The building's convenient location at the signalized intersection of William Hilton Parkway and Indigo Run Drive ensures high visibility and accessibility, benefiting from traffic counts exceeding 35,000 vehicles per day. The property includes four drive-thru lanes and an ATM, adding to its versatility and potential. Zoned commercial, this Beaufort County property (APN: R510 008 000 0409 0000) is served by Palmetto Electric. The address is 2 Lafayette Pl, Hilton Head Island, SC 29926. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving coastal community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,623,558

  6.5%

  $2,421,746

  7%

  $2,248,764

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,940,393

  Geo Method

  $1,476,141

• Alternative Use

  Use

  Valuation

  Residential

  $2,042,833

  Hospitality

  $1,871,224

  Educational

  $1,556,837

  Medical

  $1,610,379

  Retail

  $2,421,746

Location Insight

City

Hilton Head Island

County

Beaufort

State

South Carolina

Latitude

32.214

Longitude

-80.7206

CBSA code

25940

CBSA name

HILTON HEAD ISLAND-BEAUFORT, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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