Mixed-Use Restaurant/Retail
2149 Boundary Street, Beaufort, SC 29902
For Sale
$1,400,000
Under Contract
Commercial Sale, Beaufort, SC
Property Size5,154 SF
Lot Size0.92 Acres
Price / SF$271.63
Days on Market30
Property Features for 2149 Boundary Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Flamelilly Real Estate Group
(843) 271-6611
Listed By:
Teena Manzira · License SC #45894
(843) 271-2034
Added: Oct 14
Changed: Oct 23
Last Checked: Nov 12 at 8:06AM
MLS# 198641
Copyright © 2026 Lowcountry Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Restaurant and retail space share a 5,154-square-foot building on a 0.92-acre parcel. Built in 1980, the property has tile flooring, a composition roof, and a parking lot. Public water and sewer are available, along with water service noted for the site.
The property fronts Hwy 21, where reported traffic is 40,000 vehicles per day. Hotels, quick-service restaurants, and gas stations are among the nearby businesses. The surrounding residential area has more than 50,000 residents, and the corridor includes recently developed apartments and major retailers.
The property fronts Hwy 21, where reported traffic is 40,000 vehicles per day. Hotels, quick-service restaurants, and gas stations are among the nearby businesses. The surrounding residential area has more than 50,000 residents, and the corridor includes recently developed apartments and major retailers.
Key Highlights
- 5,154‑square‑foot restaurant and retail building
- 0.92‑acre parcel
- Hwy 21 location with 40,000 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,432
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,788,640
$1.8M
Cap Rate 7%
$1,277,600
$1.3M
Cap Rate 9%
$993,689
$993.7K
Market Conditions
NOI Build-Up for 5,154 SF
Gross rent
$123.7K $24.00/SF
− Vacancy
−$4.5K −$0.86/SF
EGI
$119.2K $23.14/SF
− OpEx
−$29.8K −$5.78/SF
NOI
$89.4K $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%
$1,788,640
Cap Rate 7%
$1,277,600
Cap Rate 9%
$993,689
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,432 @ 7.0% cap · market cap 6.39%
Second Best
Retail
$1.16M
$1.02M – $1.36M
NOI $81,392 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.56M
$1.36M – $1.81M
NOI $108,852 @ 7.0% cap · market cap 7.78%
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
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Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Groceries 18%
Shops & Services 15%
Hotels & Casinos 13%
Starbucks
Dining
22,188 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
16,791 visits/mo
0.3 miles
Outback Steakhouse
Dining
11,625 visits/mo
0.2 miles
Waffle House
Dining
5,777 visits/mo
0.5 miles
Bank of America
Shops & Services
5,632 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Beaufort County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and retail uses occupy a commercial property with on-site lot parking.
Where is this mixed-use property located?
The property is located at 2149 Boundary Street Beaufort, SC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5,154‑square‑foot restaurant and retail building; 0.92‑acre parcel; Hwy 21 location with 40,000 VPD
