Income Producing Office Condos for Sale Hilton Head Island

21 New Orleans Road Units C-D Hilton Head Island, SC 29928

21 New Orleans Road Units C-D, Hilton Head Island, SC, 29928
21 New Orleans Road Units C-D, Hilton Head Island, SC, 29928
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$530,280
Last Verified:
Mar 09, 2020

Highlights

  • Income Producing Office Condos for Sale on Hilton Head
  • New Six-Year Lease in Place
  • Long Standing, Successful Rental Company Leasing the Property
  • Near New HVAC Units

Description

Hilton Head investment opportunity, comprised of two commercial office condominiums for sale, occupied by a single, very successful vacation rental company that has been in business for 25 years. There is a new six year lease in place, providing a steady income stream through December 31, 2025. The units contain a total of 4,419 square feet plus large storage area upstairs, not included in the total square footage of the property. One of the units is the end-cap closest to New Orleans Road, providing excellent visibility. The space is designed so that it can be split into two separate but complete units in the future if needed. HVAC units are nearly new. Monument signage in place.

Situated on New Orleans Road, a major secondary artery on the south end of Hilton Head Island, that intersects with William Hilton Parkway in two locations and Pope Avenue to the east.  The property is surrounded by commercial and residential developments, including Shipyard Plantation and Long Cove. It is near the busy Sea Pines Circle and in close proximity to the new USCB campus and the Cross Island Connector. Numerous shopping and dining options within walking distance. The south end of the island is bustling with both permanent residents and more than 2.5 million visitors per year.


Year Built: 1984
Building Size: 4419.0sq ft
Building Class: B
Lot Size: 0.0 acres

Map of 21 New Orleans Road Units C-D, Hilton Head Island, SC, 29928

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.