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6 Promenade St - Building 13 1,359 SF Retail Condo Unit Offered at $1,185,364 CAD in Bluffton, SC 29910
INVESTMENT HIGHLIGHTS
- Turn-key Investment
- Strong Tenant in Place
- Dependable Long Term Investment
- Coveted Downtown Location
- Dynamic Growth Market
- Tremendous Foot Traffic
EXECUTIVE SUMMARY
Rare opportunity to buy a solid investment in the coveted Calhoun Street Promenade. This 1,359 sf unit is leased to Sotheby's under a five-year lease that commenced October, 2024 offering both stability and long-term income. The space blends character and functionality with exposed ceilings, open-concept workspace, a light-filled corner conference room, private office, two restrooms, a kitchenette, and ample storage. Future flexibility is built in, as the unit can be divided into two smaller spaces if needed. Sotheby’s covers all operating expenses, and the lease provides a dependable annual NOI of $43,488—making this a truly turnkey investment. Located in the heart of historic downtown Bluffton in the Calhoun Street Promenade, this property benefits from exceptional foot traffic and a vibrant mix of nearby shops, restaurants, and residential communities. The area boasts strong demographics, with approximately 45,400 residents within a five-mile radius and average household incomes exceeding $137,000. Historic downtown Bluffton continues to experience dynamic growth, solidifying its position as one of the region’s most desirable destinations. The location also offers convenient access throughout the market, including Savannah, which is less than 30 minutes away.
PROPERTY FACTS
| Total Building Size | 15,768 SF | Typical Floor Size | 5,256 SF |
| Property Type | Retail (Condo) | Year Built | 2007 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.95 AC |
| Building Class | B | Parking Ratio | 1.9/1,000 SF |
| Floors | 3 | ||
| Zoning | HD - PUD | ||
| Total Building Size | 15,768 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 5,256 SF |
| Year Built | 2007 |
| Lot Size | 0.95 AC |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | HD - PUD |
1 UNIT AVAILABLE
Unit 1001
| Unit Size | 1,359 SF | Sale Type | Investment |
| Price | $1,185,364 CAD | Cap Rate | 5.06% |
| Price Per SF | $872.23 CAD | NOI | $59,940.81 CAD |
| Condo Use | Retail |
| Unit Size | 1,359 SF |
| Price | $1,185,364 CAD |
| Price Per SF | $872.23 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| NOI | $59,940.81 CAD |
DESCRIPTION
Rare opportunity to buy a solid investment in the coveted Calhoun Street Promenade. This 1,359 sf unit is leased to Sotheby's under a five-year lease that commenced October, 2024 offering both stability and long-term income. The space blends character and functionality with exposed ceilings, open-concept workspace, a light-filled corner conference room, private office, two restrooms, a kitchenette, and ample storage. Future flexibility is built in, as the unit can be divided into two smaller spaces if needed. Sotheby’s covers all operating expenses, and the lease provides a dependable annual NOI of $43,488—making this a truly turnkey investment.
SALE NOTES
Located in the heart of historic downtown Bluffton in the Calhoun Street Promenade, this property benefits from exceptional foot traffic and a vibrant mix of nearby shops, restaurants, and residential communities. The area boasts strong demographics, with approximately 45,400 residents within a five-mile radius and average household incomes exceeding $137,000. Historic downtown Bluffton continues to experience dynamic growth, solidifying its position as one of the region’s most desirable destinations. The location also offers convenient access throughout the market, including Savannah, which is less than 30 minutes away.
NEARBY MAJOR RETAILERS
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6 Promenade St - Building 13
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