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23746270
23746271

917 Bay Street, 211 Charles St., Beaufort, SC 29902

TD
SC SC 8142, SC GA 169023 (+1)
SVN | GASC Hilton Head Island
Listed by SVN | GASC Hilton Head Island
$7,500,000
365 days on market
Updated 77 days ago

Old Bay Marketplace; Cannon Building

Details
Property Type Multifamily, Retail
Sub Type Apartment Building, Storefront
Square Footage 45,764
Broker Co-Op Yes
Class A
Buildings 2
Acreage 0.570
Zoning Main Street District
Investment Type Redevelopment
Ownership 303 Associates, LLC
Sale Condition For sale by owner

Residential/ Retail Redevelopment Opportunity In Historic Downtown Beaufort, SC Old Bay Marketplace/

Marketing description

Two adjoining properties in The Heart of Downtown Beaufort that have frontage on Bay Street, Charles Street, and Port Republic Street. The Cannon Building located at 211 Charles Street will be demolished and is fully permitted for a 27,500 SF three story property with 19 Two - Bedroom apartments and 2,500 SF of street retail. The Old Bay Building is a two story 18,264 SF property with frontage on Bay Street and Port Republic Street - the 1st floor has 10,843 SF of retail and restaurant space (fully leased) and the second floor has 7,421 SF of event and office space and a 3,000 SF exterior deck area. This building could be redeveloped with retail/restaurant space on the first floor, apartments on the second floor, and integrated with the adjoining Cannon Building to develop a Class A residential or hospitality property with a retail/restaurant component.

Investment highlights

Residential/ Retail Redevelopment Opportunity In Historic Downtown Beaufort, SC

Old Bay Marketplace/Cannon Building - Potential For 45,764 SF for Apartments & Street Retail

Frontage on Bay Street, Charles Street, and Port Republic Street - Across Bay Street From The Henry C. Chambers Waterfront Park, and The City Marina

Property Has Beautiful Views of The Beaufort River

Listing Contacts

TD
SC SC 8142, SC GA 169023 (+1)
SVN | GASC Hilton Head Island
Listed by SVN | GASC Hilton Head Island

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Additional Information

Name
Tom DeMint CCIM
License
SC 8142
Brokerage Phone
8438167191
Brokerage Address
1538 Fording Island Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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