471 Parris Island Gateway

Shopping Center for Sale
Catylist Listing ID: 30704694
Property Subtypes: Neighborhood Center
Building Size (RSF): 72,625 SF
Gross Building Area: See Agent
Sale Price: $1,675,000
Unit Price: $23.06 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/25/2021

Overview / Comments

Ideal shopping center redevelopment opportunity located on Parris Island Gateway in Beaufort, SC. Constructed originally as a Bi-LO-anchored shopping center, the property is currently 70% vacant. Located on a busy thoroughfare with 19,000 cars per day. T4-N Zoning allows for most uses per Beaufort County. The building is currently separated into 42,000, 22,500, and 8,125sf units.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $15,885 (Annual)

Additional Details

Nearest MSA: Hilton Head Island-Bluffton
County: Beaufort
Taxing Authority: Beaufort County
Tax ID/APN: R100 031 000 0123 0000
Zoning: T4-N (NEIGHBORHOOD CENTER)
Retail Clientele: General, Family, Business, Other
Property Visibility: Excellent
Largest Nearby Street: Parris Island Gateway
Traffic/Vehicle Count: 19,000
Highway Access: located on Parris Island Gateway (US-21)
Airports: Hilton Head Island Airport
Total Number of Buildings: 1
Year Built: 1978

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,178 25,258 42,440
Median Age: 31.43 32.9 34.32
Households: 2,412 10,183 15,696
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