201 Merchant StHilton Head Island, SC 29926

Property Details for 201 Merchant St

Year built

1999

Lot size

0.72 AC

Property size (Sq ft)

2,935 SF

Zone code

6615

Property type

Office properties

Property subtype

Office buildings

APN

R510 007 00B 0007 0000

APU

R51000700B00070000

Description

This exceptional Class A medical office building, located at 201 Merchant Street on Hilton Head Island, presents a unique opportunity. The 3,500 square foot single-tenant space is situated on a 0.72-acre lot and boasts a highly desirable Northend location, steps from William Hilton Parkway and the heart of the Main Street area. The building's interior features nine individual offices, providing ample space for a variety of medical practices or high-end professional services. Additional amenities include multiple conference rooms, a fully equipped kitchen and breakroom, a formal waiting area complete with a fireplace, and three bathrooms. Ample parking is available for staff and clients. The property is zoned Community Mixed, offering flexibility for potential future uses. The building's address is 201 Merchant St, Beaufort County, and its APN is R510-007-00B-0007-0000. Currently, the entire 3,500 square feet is vacant, making it ideal for an immediate move-in. This is a rare opportunity to acquire a premier medical office building in a prime Hilton Head location.

• CAP approach

  CAP return

  Valuation

  6%

  $608,173

  6.5%

  $561,390

  7%

  $521,291

• Comparable approach

  Method

  Valuation

  Relative Method

  $262,387

  Geo Method

  $199,609

• Alternative Use

  Use

  Valuation

  Residential

  $696,124

  Hospitality

  $637,646

  Educational

  $530,514

  Medical

  $548,759

  Retail

  $825,244

Location Insight

City

Hilton Head Island

County

Beaufort

State

South Carolina

Latitude

32.2136

Longitude

-80.7245

CBSA code

25940

CBSA name

HILTON HEAD ISLAND-BEAUFORT, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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