109 Old Salem Rd Beaufort, SC 29902
Hospitality property in historic Beaufort, South Carolina, near Sea Islands.
Source:
Bullrealty
Listing Agent: Ernie Anaya, Mba
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Beaufort Hospitality Property For Sale
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.
Location Intelligence
Current Use by Public Records
Beth Taggart
Physician
Oaks At Salem Road
Nursing Home
Location Insight
- Map
- Local Demand
- City
- Beaufort
- County
- Beaufort
- State
- South Carolina
- Longitude
- -80.7134215
- Latitude
- 32.4262993
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FAQs
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 $2,750,000.
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.
