916 Bay St Beaufort, SC 29902-5568

This exceptional multifamily property at 916 Bay Street in Beaufort, South Carolina, presents a unique redevelopment opportunity. Situated on a 0.15-acre lot, this prime location offers unparalleled access to the vibrant downtown area, boasting boutique shopping, exquisite dining, and rich historical charm. The property's proximity to Waterfront Park provides residents with stunning open spaces without the burden of maintenance. Boating enthusiasts will appreciate the marina, conveniently located just 400 feet away. A playground is also within easy reach, approximately 560 feet southeast of the property. The existing structure boasts a robust foundation, minimizing permitting challenges for future development. The building features durable 2'x3' steel-reinforced concrete walls and a sturdy roof, significantly reducing the cost and complexity of any necessary modifications. Two vertical chases, extending from ground level to the rooftop, along with horizontal chases on each floor, simplify the integration of new mechanical, electrical, and plumbing systems. An elevator in excellent condition ensures convenient access to all floors. Covered parking, secured by a gate, enhances the property's appeal and provides added security for residents. Priced at $7,750,000, this property represents a compelling investment opportunity in a highly desirable location. The combination of its strong structural integrity, prime location, and redevelopment potential makes this a truly exceptional offering.