Investment Opportunity - 100% Leased Retail in the Promenade - Historic Downtown Bluffton

5-9 Promenade Street, Units 1201 - 1304 Bluffton, SC 29910

5-9 Promenade Street, Units 1201 - 1304, Bluffton, SC, 29910
5-9 Promenade Street, Units 1201 - 1304, Bluffton, SC, 29910
Property Type:
Street Retail
Last Verified:
Sep 17, 2020


  • Located in the Promenade in Downtown Historic Bluffton
  • Very High Demand - Short Supply Segment of the Market
  • Newer Buildings
  • Leases in place


Don't miss this opportunity to own income producing condominiums in the Promenade, the most desired address in the market.

This opportunity is comprised of four ground floor condominiums with existing leases. Two are occupied via a new five year NNN lease with Calhouns, a very popular tavern with a lovely outside dedicated patio area. One of the units is leased to J McLaughlin, the national clothing retailer and the other by a very successful salon that has been in place for several years. Current NOI is $66,788.50.

Situated on the main street in the Promenade in historic downtown Bluffton. The Promenade, which anchors the downtown area, is a bustling, pedestrian friendly mixed use development with a myriad of shopping, dining and entertainment options, coupled with residential units upstairs. Downtown Bluffton has undergone a tremendous redevelopment with new pedestrian friendly streetscapes surrounding the development. This is a high traffic area that benefits from the weekly farmer's market and regular festivals in the immediate vicinity. Easy access to anywhere in the community, including Savannah which is less than 30 minutes away.

Year Built: 2007
Building Size: 3036.0sq ft
Lot Size: 0.0 acres

Map of 5-9 Promenade Street, Units 1201 - 1304, Bluffton, SC, 29910

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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.