1 Corpus Christie Place

    Hilton Head Island, SC 29928
    • $170,000
    • STATUS: Active
    • ON SITE: 160 days
    • MLS #: 394285
    Short Sale
    UPDATED: 30 min ago
    $170,000
    • 0
      BEDS
    • 0.048
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Unit 104 and unit 105 Executive Center. Both units are leased for $2300 per month. The net cash flow from each unit is about $1600 per month. If you use an 10 cap Rate, that yields a value of over $209,000 per unit. Both units are in good shape. And both tenants are solid professional tenets. Units also front on Pope Avenue, so they have rare signage. They are also zoned mixed use, so they can either be commercial and or residential. With the new USCB campus coming, they are ideal spaces to convert to one bedroom apartment or dorm units. At Sea Pines Circle. Excellent Highly Visible Signage possible.

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    We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is,” “as available” basis only and may not reflect all real estate activity in the market. ©2019 Multiple Listing Service of Hilton Head Island, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Multiple Listing Service of Hilton Head Island, Inc. Data last updated 2019-11-12T23:57:27.02.
    www.collinsgrouprealty.com/homes/95549787

    1 Corpus Christie Place Hilton Head Island, SC 29928

    • Price: $170,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 394285
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.048
    Acres
    Neighborhood:
    Exec Ctr
    County:
    Beaufort
    Area:
    Hilton Head Commercial
    Property Description
    Unit 104 and unit 105 Executive Center. Both units are leased for $2300 per month. The net cash flow from each unit is about $1600 per month. If you use an 10 cap Rate, that yields a value of over $209,000 per unit. Both units are in good shape. And both tenants are solid professional tenets. Units also front on Pope Avenue, so they have rare signage. They are also zoned mixed use, so they can either be commercial and or residential. With the new USCB campus coming, they are ideal spaces to convert to one bedroom apartment or dorm units. At Sea Pines Circle. Excellent Highly Visible Signage possible.
    Exterior Features

    Construction Features Wood Frame

    Interior Features

    Air Conditioning Central Floors CarpetTile/CarpetVinyl TileWood Heat Heat Pump Tax Record Living Area 1586

    Property Features

    Building Mixed Use Business Type Professional Construction Status Not Applicable Gross Operating Income 27600 Legal Number 104 Net Operating Income 19200 Special Circumstances Short SaleNot Applicable Type Of Space Commercial Building


    Listing provided courtesy of Realty One Group - Lowcountry.


    We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is,” “as available” basis only and may not reflect all real estate activity in the market. ©2019 Multiple Listing Service of Hilton Head Island, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Multiple Listing Service of Hilton Head Island, Inc. Data last updated 2019-11-12T23:57:27.02.
     
    Collins Group Realty
    852 William Hilton Parkway, Suite 2B
    Hilton Head Island SC, 29928