1 Plaza Drive

1 - 3 Plaza Drive Hilton Head Island, SC 29926

1 - 3 Plaza Drive, Hilton Head Island, SC, 29926
1 - 3 Plaza Drive, Hilton Head Island, SC, 29926
Property Type:
Last Verified:
Nov 25, 2020


  • Extremely Rare Opportunity to Purchase 1.35 Acres at Signalized Intersection on HHI
  • Located in a Designated Opportunity Zone
  • Fronting a Very Busy Shopping Center with Numerous National Brand Tenants
  • High Traffic
  • Strong Demographics
  • Great Visibility


Extremely rare opportunity to purchase a high profile, 1.35 acre property at a signalized corner and entrance to a very busy shopping center on Hilton Head Island. The property is comprised of two contiguous parcels. This land is unique in that you receive the tax benefits of purchasing in a designated opportunity zone, while benefiting from the strong demographics on Hilton Head Island. Traffic counts on William Hilton Parkway exceed 35,000 vpd. The shopping center is supported by a population of approximately 32,160 people living within a five mile radius, with an average annual household income in excess of $108,000, in addition to the 2.5 million annual visitors. This is an ideal redevelopment opportunity for any project looking for great visibility, easy access, favorable tax benefits and strong demographics.

Situated at the signalized intersection of William Hilton Parkway and Dillon Road, at the entrance to Port Royal Shopping Center. a bustling center with a myriad of long standing restaurants, shops and services including CVS, Wachovia, McDonald's and Jiffy Lube and several new tenants including Planet Fitness. Located on the north end of the island and surrounded by commercial and residential developments including the redeveloped Seaturtle Marketplace, and just a few minutes drive to Hilton Head airport, hospital and schools. There are multiple points of access on Highway 278 and Mathews Drive. This property is located in a designated opportunity zone.

Year Built: 1983
Building Size: 2666.0sq ft
Lot Size: 1.35 acres

Map of 1 - 3 Plaza Drive, Hilton Head Island, SC, 29926

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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.