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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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