The Courtyard Building - 2nd & 3rd Floor For Sale

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1 Executive Summary PROPERTY SUMMARY Sale Price: $2,011,000 Subject Property SqFt: 36,575 SF Price Per SF: $54.98 Parking Spaces: 226 Building Renovated: 2016 Zoning: Sea Pines Commercial Market: Hilton Head Island Sub Market: Sea Pines Circle PROPERTY OVERVIEW The 53,342 square foot Courtyard Building has been a landmark property at the entrance to Sea Pines Resort since The building was renovated and separated into condominiums in The property is surrounded by Park Plaza (Harris Teeter, Park Plaza Cinemas), Reilley's Plaza and now the University of South Carolina's new Hilton Head Island campus. This offering is for all 36 units on the second and third floors; 18 on the second floor and 18 on the third floor. The combined rentable area is 36,575 square feet. 8 second floor units are rented on a short term basis. A partial sale will be considered. Three additional ground floor units facing Greenwood Drive could also be added to a purchase. This opportunity can become a corporate campus or rented to moderate to smaller office users. It could also be converted to residential uses. Hilton Head Island zoning is Sea Pines Circle District (Sea Pines Commercial), which allows for commercial and mixed-use development. Cross Streets: Greenwood Drive & Office Park Road Its location directly across from the new University of South Carolina campus would lend itself to student housing. Also, the proximity to Sea Pines Resort, its walking access to an abundance of shopping, restaurants and bars and easy access to Hilton Head Island's famous beaches would lend itself to upscale residences for retirees Fording Island Road Hilton Head Island, SC naicarolinacharter.com 1

2 Building Photo 1544 Fording Island Road Hilton Head Island, SC naicarolinacharter.com 2

3 2nd & 3rd Floors / Looking at Sea Pines Resort 1544 Fording Island Road Hilton Head Island, SC naicarolinacharter.com 3

4 FOR SALE: 2nd & 3rd Floor Office Space Exterior / Entry 1544 Fording Island Road Hilton Head Island, SC naicarolinacharter.com 4

5 First Floor Common Lobby 1544 Fording Island Road Hilton Head Island, SC naicarolinacharter.com 5

6 FOR SALE: 2nd & 3rd Floor Office Space Current Photos 1544 Fording Island Road Hilton Head Island, SC naicarolinacharter.com 6

7 FOR SALE: 2nd & 3rd Floor Office Space Location Maps 1544 Fording Island Road Hilton Head Island, SC naicarolinacharter.com 7

8 FOR SALE: 2nd & 3rd Floor Office Space Retailer Map 1544 Fording Island Road Hilton Head Island, SC naicarolinacharter.com 8

9 Demographics Map * Demographic data derived from 2010 US Census 1544 Fording Island Road Hilton Head Island, SC naicarolinacharter.com 9 1 Mile 5 Miles 10 Miles Total Population 2,137 26,550 53,586 Population Density Median Age Median Age (Male) Median Age (Female) Total Households 1,181 12,515 23,762 # of Persons Per HH Average HH Income $93,576 $104,624 $98,075 Average House Value $552,713 $605,717 $552,247