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1st Floor - Unit 400
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Medical Office
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2,912 SF
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$769,000 USD
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Unit Size: 2,912 SF
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Condo Use: Medical Office
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Price: $769,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $264.08 USD
Description
Suite 400 offers a unique opportunity to acquire a multi-suite professional office condo with existing rental income. The current layout allows an owner-user to occupy a portion of the space while generating income from leasing individual offices to professional tenants.
With four existing tenants occupying five offices on month-month terms, a new owner can immediately benefit from in-place income.
This type of flexible, income-producing office configuration is very limited on Hilton Head Island, particularly with in the Main Street corridor, one of Hilton Head's most established professional office corridors.
Situated in one of Hilton Head Island’s most established professional office corridors
Prime Main Street location with convenient access to both the north and south ends of the island
Surrounded by a strong mix of professional services, medical offices, and upscale retail with close proximity to Hilton Head Hospital, restaurants, banks, and retail amenities
Efficient and flexible floor plan. Current layout includes reception area, conference room, two restrooms, large work area, office storage, and multiple individual office suites and large attic space for storage (see attached floor plan).
Sale Notes
Suite 400 offers a unique opportunity to acquire a multi-suite professional office condominium with existing rental income and future flexibility. The current layout allows an owner-user to occupy a portion of the space while generating income from leasing individual offices to professional tenants.
With several offices already leased on month-to-month terms, a new owner can immediately benefit from in-place income while maintaining the ability to:
• Increase occupancy for their own business over time
• Re-tenant the space at market rates
• Operate the suite as a multi-tenant office investment
This type of flexible, income-producing office configuration is increasingly limited on Hilton Head Island, particularly within the Main Street corridor.
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