21 New Orleans Rd
Hilton Head Island, SC 29928

• Unit Size: 4,419 SF
• Condo Use: Office
• Price: $850,000 USD
• Sale Type: Investment
• Price/SF: $192.35 USD

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

Great small investment opportunity - 4,419 sf office condominium leased to credit tenant.  Tenant has been at this location for five years and just renewed for another three.  NNN Lease - 7.54% cap rate.  Great south end location.