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2 Regency Pky 5,149 SF Retail Building Hilton Head Island, SC 29928 $1,850,000 ($359.29/SF)
INVESTMENT HIGHLIGHTS
- Heavy daily car traffic on main highway
- Free standing building
- Mid Island
EXECUTIVE SUMMARY
Approx, 5149 square feet on .84 acres which fronts Highway 278 with a high daily traffic count. The property is zoned Light Commercial and can be used for a variety of purposes. It has been used as a restaurant in the past with seating for 207. Current fixtures can be included in sale price.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$162,000
|
$31.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$162,000
|
$31.46
|
| Taxes |
$7,000
|
$1.36
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,000
|
$1.36
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $162,000 |
| Annual Per SF | $31.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $162,000 |
| Annual Per SF | $31.46 |
| Taxes | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.36 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.36 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,149 SF
Building Class
C
Year Built
1996
Price
$1,850,000
Price Per SF
$359.29
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.83 AC
Zoning
6615
Frontage
204’ on WILLIAM HILTON PARKWAY
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R520-011-000-0154-0000 | Total Assessment | $20,940 |
| Land Assessment | $0 | Annual Taxes | $7,000 ($1.36/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R520-011-000-0154-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$20,940
Annual Taxes
$7,000 ($1.36/SF)
Tax Year
2024
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Presented by
Romano Enterprises, Inc.
2 Regency Pky
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