Open-Layout Restaurant
For Sale
$1,750,999
2 Regency Parkway, Hilton Head Island, SC 29928
Commercial, Hilton Head Island, SC
Property Size4,848 SF
Price / SF$361.18
Days on Market14
Property Features for 2 Regency Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Hilton Head Commercial
Standard status
Active
Listing Agency:
Howard Hanna Allen Tate Lowcountry (222) · Weichert
(843) 341-3700
Listed By:
Carol Romano Geraghty
(843) 301-4820
Added: Sep 24
Changed: Sep 30
Last Checked: Oct 7 at 10:06AM
MLS# 513109
Copyright © 2026 REsides, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,848-square-foot commercial building is configured for restaurant use and features an open interior layout that can be adapted to a new operator’s plans. The property is currently outfitted for restaurant operations and is immediately available for occupancy.
Located at 2 Regency Parkway in Hilton Head Island, the building sits along Highway 278 in Beaufort County. Its commercial setting and existing restaurant configuration provide a practical starting point for continued restaurant use or a revised buildout.
Located at 2 Regency Parkway in Hilton Head Island, the building sits along Highway 278 in Beaufort County. Its commercial setting and existing restaurant configuration provide a practical starting point for continued restaurant use or a revised buildout.
Key Highlights
- 4,848‑square‑foot commercial building
- Configured for restaurant use
- Open interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,122
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,440
$1.7M
Cap Rate 7%
$1,201,743
$1.2M
Cap Rate 9%
$934,689
$934.7K
Market Conditions
NOI Build-Up for 4,848 SF
Gross rent
$116.4K $24.00/SF
− Vacancy
−$4.2K −$0.86/SF
EGI
$112.2K $23.14/SF
− OpEx
−$28.0K −$5.78/SF
NOI
$84.1K $17.35/SF
Area
Beaufort County, SC
Vacancy
3.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,440
Cap Rate 7%
$1,201,743
Cap Rate 9%
$934,689
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,122 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,390 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29928, SC
15,538
Population
19,204
Households
0.8
Avg Household Size
63
Median Age
63%
College-Educated
98%
High-School Grad
20.7 sq mi
ZIP Area
751
Density / Sq Mi
$97,979
Median Household Income
$46,798
Median Earnings
$1,806
Median Rent
$776,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-configured commercial building on Highway 278 with a spacious interior ready for customization.
Where is this conventional restaurant located?
The property is located at 2 Regency Parkway Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $1,750,999.
What are key features of this property?
This property features: 4,848‑square‑foot commercial building; Configured for restaurant use; Open interior layout
