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21 New Orleans Rd 4,419 SF Office Condo Unit Offered at $850,000 in Hilton Head Island, SC 29928
INVESTMENT HIGHLIGHTS
- Income Producing Office For Sale Hilton Head Island
- Annual Escalation
- Onsite Parking & Monument Signage
- NNN Lease
- Great South End Location
PROPERTY FACTS
| Total Building Size | 4,419 SF | Typical Floor Size | 4,419 SF |
| Property Type | Office (Condo) | Year Built | 1984 |
| Building Class | C | Parking Ratio | 5.66/1,000 SF |
| Floors | 1 | ||
| Zoning | LC - LC | ||
| Total Building Size | 4,419 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 4,419 SF |
| Year Built | 1984 |
| Parking Ratio | 5.66/1,000 SF |
| Zoning | LC - LC |
AMENITIES
- Bus Line
- Signage
1 UNIT AVAILABLE
Unit C-D
| Unit Size | 4,419 SF | Sale Type | Investment |
| Price | $850,000 | Cap Rate | 7.54% |
| Price Per SF | $192.35 | NOI | $64,090 |
| Condo Use | Office | No. Parking Spaces | 25 |
| Unit Size | 4,419 SF |
| Price | $850,000 |
| Price Per SF | $192.35 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 7.54% |
| NOI | $64,090 |
| No. Parking Spaces | 25 |
DESCRIPTION
4,419 sf office condominium available for sale on the south end of Hilton Head. The space is comprised of two combined units that have been leased to a vacation rental company for many years, with a below market rent and a lease expiration of 12/31/25. The tenant has interest in remaining. Currently configured with a reception and waiting area, numerous private offices and conferencing spaces, five restrooms, a breakroom, and a lot of storage, including an unconditioned second floor that has considerable storage capacity. The units could be separated into two spaces. Ideal for investor looking for an income producing property, with upside potential in rent, or owner user looking for office space in a great south end location with shopping and dining within walking distance. Onsite parking and monument signage.
Located on New Orleans Rd., on the bustling south end of Hilton Head Island. New Orleans Rd. is a secondary artery that intersects with the Parkway in two locations and Pope Avenue. It is near the busy Sea Pines circle and in close proximity to the Cross Island Connector and USCB Hilton Head campus. Surrounded by commercial and residential developments, including Shipyard, Sea Pines, Long Cove and Wexford Plantation, with great exposure to high vehicle and bike traffic. This is an ideal location to capture business from local residents, while being perfectly situated to benefit from the 2.5 million visitors playing and staying on the south end of the island each year.
SALE NOTES
Income producing,4,419 sf office condominium available for sale on the south end of Hilton Head. The condo represents the prominent / street side of the building and has been leased to a strong credit, vacation rental company, for the last five years. Tenant has just renewed the lease for three more years through December 2028. The lease is NNN with 3% annual escalation and a NOI of $64,076. The property is being offered at a 7.54% cap rate. Functional layout that could be split into two fully functional spaces if desired in the future. Ideal for investor looking for an easy to manage income producing property in a great location. Onsite parking and monument signage, brand new HVAC and no POA/regime.
Located on New Orleans Rd., on the bustling south end of Hilton Head Island. New Orleans Rd. is a major artery that intersects with Highway 278 / William Hilton Parkway in two locations, and Pope Avenue. The property is near the busy Sea Pines circle and in close proximity to the Cross Island Connector and USCB Hilton Head campus. Surrounded by restaurants, retail and residential developments, including Shipyard, Sea Pines, Long Cove and Wexford Plantation. Great exposure to high vehicle and bike path traffic.
Presented by
21 New Orleans Rd
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