Beaufort Hospitality Property For
For Sale
$4,000,000
109 Old Salem Rd, Beaufort, SC 29902
Hospitality property in historic Beaufort, South Carolina, near Sea Islands.
Property SizeContact for details
Days on Market153
Property Features for 109 Old Salem Rd
General Information
Standard status
Active
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Ernie Anaya, MBA · License #SC #93244
Source:
Bullrealty
Added: Mar 5
Changed: Jul 6
Last Checked: May 11 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty
Investment Insights
Based on property information with market context.
Located in Beaufort, South Carolina, a historic harbor city known as the “Queen of the Carolina Sea Islands,” this hospitality property resides in a region with well-preserved antebellum architecture; the entire downtown area is a National Historic Landmark District. Beaufort is situated on Port Royal Island, part of the Sea Islands, within a water-dominant landscape where approximately 51% of Beaufort County consists of open waters, sounds, and marshes. The local economy is significantly influenced by the presence of Marine Corps Air Station (MCAS) Beaufort, Marine Corps Recruit Depot Parris Island, and the U.S. Naval Hospital Beaufort. The area attracts over two million annual visitors, drawn to attractions such as Hunting Island State Park. The property's gross revenue is $2,077,580 with an occupancy rate of 81.35%. The forecast NOI is $519,395, normalizing expenses to 75% of gross revenue. The property qualifies for an SBA 504 Loan with a 25-year term, 85% loan-to-cost ratio, and 5.9% interest. Revenue growth is projected at 5% per year, using a 10% vacancy rate for years 1-10.
Key Highlights
- High Gross Revenue: Actual gross revenue of $2,077,580 demonstrates strong income potential.
- Favorable SBA 504 Loan Qualification: Qualifies for a 25‑year term SBA 504 loan with 85% Loan‑to‑Cost and a 5.9% interest rate.
- Strong Forecast NOI: Normalized Net Operating Income (NOI) is projected at $519,395.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 29902, SC
16,692
Population
7,131
Households
2.3
Avg Household Size
36
Median Age
38%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
922
Density / Sq Mi
$72,564
Median Household Income
$36,468
Median Earnings
$1,157
Median Rent
$306,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Hospitality property in historic Beaufort, South Carolina, near Sea Islands.
Where is this hotel located?
The property is located at 109 Old Salem Rd Beaufort, SC.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: High Gross Revenue: Actual gross revenue of $2,077,580 demonstrates strong income potential.; Favorable SBA 504 Loan Qualification: Qualifies for a 25‑year term SBA 504 loan with 85% Loan‑to‑Cost and a 5.9% interest rate.; Strong Forecast NOI: Normalized Net Operating Income (NOI) is projected at $519,395.
