109 Old Salem Rd Beaufort, SC 29902
Hospitality property in historic Beaufort, South Carolina, near Sea Islands.
Source:
Tcnworldwide
Listing Agent: John Deyonker
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 the heart of the Lowcountry and the Sea Islands. Beaufort, founded in 1711, is the second-oldest city in the state and the county seat of Beaufort County, featuring well-preserved antebellum architecture throughout its 304-acre downtown National Historic Landmark District. The city is primarily situated on Port Royal Island, surrounded by a marshy estuary and tidal waters. Beaufort County, with more water than land, has approximately 51% of its 468,000 acres as open waters, sounds, and marshes. The region attracts over two million annual visitors to attractions such as Hunting Island State Park. As of 2023, the city population is approximately 13,700. The broader county is one of the fastest growing in the South, largely due to development near Hilton Head Island and Bluffton. The property qualifies for an SBA 504 Loan with a 25-year term, 85% LTC, and 5.9% interest. The 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.
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, 85% LTC loan at 5.9% interest.; - Strong Forecast NOI: Normalized Net Operating Income (NOI) forecast at $519,395.
