Office | Retail | Flex Investment Opportunity | 7.27% Cap

Retail-Commercial for Sale
Catylist Listing ID: 30627035
Property Subtypes: Mixed Use, Restaurant, Other
Building Size (RSF): 11,595 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $129.37 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Mathews Center
Sale Terms: Other
Cap Rate: 7.27%
Last Updated: 9/22/2020

Overview / Comments

Mathews Center East is a fully leased, 11,595 SF Office/Retail investment property that was originally built in 1988 and was renovated in 2009. It is positioned well between William Hilton Parkway and the Hilton Head Island Airport with access from both Cardinal Road and Cardinal Court. The Center is comprised of a diverse set of tenants spread between 9 units on 1.3 acres. High visibility, ample parking, and accessible loading areas make this flexible property an attractive opportunity.

Additional Details

Nearest MSA: Hilton Head Island-Bluffton
County: Beaufort
Tax ID/APN: R510 008 000 0175 0000
Area Description: The site is positioned well between William Hilton Parkway and the Hilton Head Airport with access from both Cardinal Road and Cardinal Court.
Tenancy: Multiple Tenants
Year Built: 1988
Year Renovated: 2009
Total Parking Spaces: 41
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,512 21,280 34,184
Median Age: 47.39 50.74 51.03
Households: 1,814 9,302 15,035
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