Open-Layout Restaurant
New
For Sale
$1,750,999
2 Regency Parkway, Hilton Head Island, SC 29928
The interior is arranged for restaurant operations and can be adapted to a new operator’s requirements.
Property Size4,848 SF
Price / SF$361.18
Days on Market4
Property Features for 2 Regency Parkway
General Information
Standard status
Active
Size
4,848 SF
Property subtype
Building
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Howard Hanna Allen Tate Lowcountry
Listed By:
Carol Romano Geraghty
(843) 301-4820
Source:
Coastwardrealty
Added: Oct 26
Last Checked: Oct 26 at 11:49AM
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 Howard Hanna Allen Tate Lowcountry
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,848-square-foot restaurant property on Hilton Head Island has an open interior and is currently configured for restaurant use. The space is available for a new operator to customize.
The property is at 2 Regency Parkway, with exposure along Highway 278.
The property is at 2 Regency Parkway, with exposure along Highway 278.
Key Highlights
- 4,848‑square‑foot building with an open interior
- Currently configured for restaurant use; available for customization
- Hilton Head Island location with exposure along Highway 278
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The interior is arranged for restaurant operations and can be adapted to a new operator’s requirements.
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 building with an open interior; Currently configured for restaurant use; available for customization; Hilton Head Island location with exposure along Highway 278
