109 Old Salem Rd - ±34,897 SF Assisted Living Facility 34,897 SF Health Care Building Offered at $2,750,000 in Beaufort, SC 29902

Regional Geography & Environment:
Sea Islands Location: The city is primarily situated on Port Royal Island, surrounded by a marshy estuary and tidal waters.
Water-Dominant Landscape: Beaufort County consists of more water than land; approximately 51% of its 468,000 acres are open waters, sounds, and marshes.

Economic & Social Infrastructure:
Military Presence: A major driver of the local economy, the region hosts several key installations:
Marine Corps Air Station (MCAS) Beaufort
Marine Corps Recruit Depot Parris Island
U.S. Naval Hospital Beaufort
Tourism & Hospitality: The area attracts over two million annual visitors. Popular attractions include Hunting Island State Park —South Carolina’s most visited state park—and local festivals like the Beaufort Water Festival.
Demographics: As of 2023, the city population is approximately 13,700. The broader county is one of the fastest growing in the South, largely due to development near Hilton Head Island and Bluffton.

Strong Market:
Average Net Worth (Age 75+): $2,662,035
Average Household Income (Age 75+): $92,335
Average Home Value: $501,987

Property Highlights:
List Price: $2,750,000
Gross Revenue: $2,215,380 (Actual)
Occupancy: 76% (Actual)
Forecast NOI: $553,845 (normalizing expenses to 75% of Gross Revenue)
CoStar Southeast Sold Comps: $233/SF; subject property at $78.80/SF
2025 Weitz Replacement Cost (Construction cost only): $353/SF

Financial Highlights (5-Year Hold):
Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.8% interest
Using Vacancy 10% Years 1-10
Revenue growth 5% per year