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6 Promenade St
Bluffton, SC 29910

$860,000 USD

Storefront Retail Residential Condo For Sale  •  1,359 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 15,768 SF
  • Lot Size 0.95 AC
  • Building Class B
  • Year Built 2007
  • Cap Rate 5.06 %
  • Zoning HD
0 Transit Score
68 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1001 Retail 1,359 SF $860,000 USD
  • Unit Size: 1,359 SF
  • Condo Use: Retail
  • Price: $860,000 USD
  • Sale Type: Investment
  • Price/SF: $632.82 USD
Description
Rare opportunity to buy a solid investment in the coveted Calhoun Street Promenade.  This 1,359 sf unit is leased to  Sotheby's under a five-year lease that commenced October, 2024 offering both stability and long-term income. The space blends character and functionality with exposed ceilings, open-concept workspace, a light-filled corner conference room, private office, two restrooms, a kitchenette, and ample storage. Future flexibility is built in, as the unit can be divided into two smaller spaces if needed.  Sotheby’s covers all operating expenses, and the lease provides a dependable annual NOI of $43,488—making this a truly turnkey investment.

Sale Notes
Located in the heart of historic downtown Bluffton in the Calhoun Street Promenade, this property benefits from exceptional foot traffic and a vibrant mix of nearby shops, restaurants, and residential communities. The area boasts strong demographics, with approximately 45,400 residents within a five-mile radius and average household incomes exceeding $137,000. Historic downtown Bluffton continues to experience dynamic growth, solidifying its position as one of the region’s most desirable destinations. The location also offers convenient access throughout the market, including Savannah, which is less than 30 minutes away.

Description 

Rare opportunity to buy a solid investment in the coveted Calhoun Street Promenade.  This 1,359 sf unit is leased to  Sotheby's under a five-year lease that commenced October, 2024 offering both stability and long-term income. The space blends character and functionality with exposed ceilings, open-concept workspace, a light-filled corner conference room, private office, two restrooms, a kitchenette, and ample storage. Future flexibility is built in, as the unit can be divided into two smaller spaces if needed.  Sotheby’s covers all operating expenses, and the lease provides a dependable annual NOI of $43,488—making this a truly turnkey investment.

Located in the heart of historic downtown Bluffton in the Calhoun Street Promenade, this property benefits from exceptional foot traffic and a vibrant mix of nearby shops, restaurants, and residential communities. The area boasts strong demographics, with approximately 45,400 residents within a five-mile radius and average household incomes exceeding $137,000. Historic downtown Bluffton continues to experience dynamic growth, solidifying its position as one of the region’s most desirable destinations. The location also offers convenient access throughout the market, including Savannah, which is less than 30 minutes away.

Highlights

Turn-key Investment
Coveted Downtown Location
Strong Tenant in Place
Dynamic Growth Market
Dependable Long Term Investment
Tremendous Foot Traffic

Property Flyers

Financial Summary

Cap Rate: 5.06 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Sothebys International Realty
Wine Time Bluffton

Public Transportation

AirportDriveWalkDistance
Hilton Head 21 min - 12.7 mi
Savannah/Hilton Head International 49 min - 27.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Vonnie Majewski 843-338-1799 VM | Real Estate
Vonnie Majewski 843-338-1799 VM | Real Estate