Mixed-Use Restaurant/Retail
New
For Sale
$1,400,000
2149 Boundary Street, Beaufort, SC 29902
Commercial Sale, Beaufort, SC
Property Size5,154 SF
Lot Size0.92 Acres
Price / SF$271.63
Days on Market1
Property Features for 2149 Boundary Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Parking features
Parking Lot
Subdivision
NOT in a Subdivision
Directions
Highway 21
Standard status
Active
APN
R122-001-000-0270-0000
Lot size
0.92 Acres
Taxes and HOA fees
Tax Description
SEA EAGLE MARKET (RESTURANT)PB28 PG91 PB11P133 PB28 P23603/16 0.01 AC DEED TO BFT COUNTY R/W DB3406 PG890 ($30,000)
Tax Annual Amount
16022
Legal Description
SEA EAGLE MARKET (RESTURANT)PB28 PG91 PB11P133 PB28 P23603/16 0.01 AC DEED TO BFT COUNTY R/W DB3406 PG890 ($30,000)
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
1
Flooring type
Tile
Roof type
Composition
Listing Agency:
Flamelilly Real Estate Group
(843) 271-6611
Listed By:
Teena Manzira · License #45894
(843) 271-2034
Added: Oct 14
Last Checked: Oct 14 at 6:06PM
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.
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
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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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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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
