701 Greene St - Hospitality FOR SALE


Beaufort, SC 29902
$1,925,000 USD
954-658-9792
701 Greene St, Beaufort, SC for Sale
$1,925,000 USD
Hospitality - FOR SALE
1/27
null | 8% Cap Rate

701 Greene St
Beaufort, SC 29902


HIGHLIGHTS

  • Central Downtown Location
  • Candidate for Bonus Depreciation and other tax benefits
  • 5 Luxury suites- fully automated operation with no on site staff
  • Exceptional guest reviews
  • Full Service management in place offering passive income

OVERVIEW

Here is your chance to own a piece of history originally constructed in 1785 and extensive renovation completed in 2024, with Intercostal water views from the back porch. This brand new boutique hotel is located in the heart of Downtown Beaufort, SC historic district. The hotel has undergone a complete renovation with attention to every detail, and is now in operation. The property is being sold fully furnished as a operational & turn-key boutique hotel with professional website and branding package. Take advantage of a passive investment opportunity with the option for full service local management by All Hospitality Group, LLC . The historic mansion has been expertly restored, including a full retrofit for commercial use, complete with a sprinkler system, monitored fire alarm, wireless wifi mesh system with smart door locks, an ADA lift, and hard-wired video camera system. Enjoy luxurious amenities such as three grand covered porches, 10+ foot ceilings, original plaster walls, vintage millwork, grand marble bathrooms and wide plank hardwood floors. Don't miss out on the chance to own a piece of history and invest in a unique boutique hotel in one of the most sought-after destinations in SC. This property is on a corner lot with great visibility. It is directly across the street from USCB's downtown campus, and just a short walk from the historic districts shopping and dining. Property was professionally designed and being offered for sale as a turn key investment opportunity. Self manage or use professional management company currently in place. Great opportunity for a passive investment opportunity and full service management in place and significant room for additional growth. Financial projections available upon request. Please reach out for more information. Listing broker has an ownership interest in the property. Turn key Boutique Hotel Brand New hotel in a iconic historic building Full Service Management offering passive investor return 5 Luxury Guest Suites with private baths Grand covered porches for guest gathering Candidate for Bonus Depreciation

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$703 USD /SF

# OF ROOMS

5

PRICE/ROOM

$385,000 {currency}

CAP RATE

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Luxury Boutique Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1789

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

T-4N

APN/PARCEL ID

R120-004-000-0220-0000

ASK ABOUT THIS PROPERTY

Richard CallariBirchin Lane Realty Advisors, LLCMore Info
954-658-9792

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Richard CallariBirchin Lane Realty Advisors, LLCMore Info
954-658-9792

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.