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3 Regency Pkwy

2,250 SF Retail Building Hilton Head Island, SC 29928 $949,000 ($422/SF)

Investment Highlights

  • 2,250 sf Retail Building on .44 Acres on Hilton Head Island
  • Situated Directly on William Hilton Parkway (Highway 278)
  • Restaurant Plans and Permit Included
  • Central Island Location - Easy Access Throughout the Market

Executive Summary

2,250 square foot retail building on .44 acres fronting Highway 278. The property was operating as a gas station / convenience store from 1987 until 2020. The pumps and underground storage tanks were removed in 2020 and the property received a UST closure report. The property is zoned Light Commercial which allows for the majority of commercial uses. The property can accommodate a variety of retail uses including restaurant and the sale includes $130,000 of construction drawings for a restaurant concept that has already been permitted.
Located on William Hilton Parkway (mid-island) between Shelter Cove and the Sea Pines traffic circle. The property is situated between Bullies BBQ and Stacks Pancakes restaurant adjacent to the Red Roof Inn. Surrounded by commercial developments and directly across from the South Island Square shopping center comprised of several popular shops and restaurants. Easily accessed from anywhere on the island and just minutes from the Cross Island Connector making it a short drive to Bluffton and beyond. Strong demographics, with a population of approximately 33,500 within a five mile radius, with average household incomes of approximately $145,530, and traffic counts in front of the property of approximately 38,000 vehicles per day.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,250 SF
Building Class
C
Year Built
1987
Price
$949,000
Price Per SF
$422
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
0.44 AC
Zoning
LC - Light Commercial - Most commercial uses allowed
Parking
9 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
108 FT on William Hilton Parkway

Amenities

  • Bus Line
  • Corner Lot
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R520-011-000-0155-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$41,530
  • Listing ID: 31466118

  • Date on Market: 4/10/2024

  • Last Updated:

  • Address: 3 Regency Pkwy, Hilton Head Island, SC 29928

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