Light Industrial in Hilton Head BANK OWNED

Industrial for Sale
Distressed
Catylist Listing ID: 30453854
Property Subtypes: Free-Standing, Industrial-Business Park, Light Industrial, Net Leased, Office Showroom, Warehouse/Distribution
Building Size (RSF): 13,025 SF
Gross Land Area: 1.59 Acres
Sale Price: $1,500,000
Unit Price: $115.16 PSF
Ceiling: 30 ft. Clear
Docks/Doors: 1 Dock, 8 Doors
Drive In Bays: 5 Bays
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 7/3/2019

Overview / Comments

BANK OWNED - LIMITED AVAILABILITY! Just 3 minutes off of William Hilton PKWY this excellent location at mid island of Hilton Head Island offers a convenient central location for service oriented companies. Unit A offers a loading dock on front side of building allowing for distribution, as well as 5 additional roll ups in the rear, and a large office showroom up front. Unit B&C both have 1 roll up per unit and are currently leased to a tenant with the intent to re-lease and possibly expand. This building's steel construction could easily allow for the prospective owner to divide the space further to increase the number of tenants. Property is fully fenced in with 8' chain link and has two double wide drive through gates allowing for pass through of larger vehicles / trailers. Each unit has heated / cooled office space and bathrooms and there are central sprinklers installed for fire protection. Stucco finish on front side and metal roof allow for reduced maintenance costs and with 1.59 acres of land there is plenty of room for parking and lay down space. There is a VERY limited number of LI space available on the island, so this property is sure to not last long.

Current Tenants

Tenant Business Name Custom Outfitters
Is Renting? Yes

Additional Details

Nearest MSA: Hilton Head Island-Bluffton
County: Beaufort
Taxing Authority: Beaufort County
Tax ID/APN: R511 008 000 0445 0000
Zoning: LIGHT INDUSTRIAL - DIST
Airports: HHI 2.4mi Savannah Int 44mi
Site Description: Finished site with 8' Chain link surrounding rear of property. Property abuts to woods and a pond.
Area Description: Large scale business park
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2005
Roof Type: Gable
Construction/Siding: Panelized, Steel Frame, Stucco
Exterior Description: Stucco in front Metal in rear.
Parking Type: Surface
Eave Height: 30
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Zoning Description: The purpose of the Light Industrial (IL) District is to provide for light industrial and service-related land uses with large buildings or outdoor storage requirements. Follow this link to read all permitted Use https://www.hiltonheadislandsc.gov/departments/commdev/zoning/districts/zoningdistricts.cfm
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Parcel# R511-008-000-0445-0000 LOT 17 THE A J TRUST SITE SEC OF MARSHLAND RD & LEG OMUTTON RD AREA PB58 P153

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,169 22,255 37,759
Median Age: 30.73 47.96 50.65
Households: 1,070 9,440 16,843

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