What is the asking price for ±34,897 SF Assisted Living Facility | Beaufort, SC?

The lease rate for space here is Contact for pricing.

What is the total size of ±34,897 SF Assisted Living Facility | Beaufort, SC?

The property has a total square footage of 34,897 SF.

When was this property built?

±34,897 SF Assisted Living Facility | Beaufort, SC was built in 1999.

How many parking spaces are available at ±34,897 SF Assisted Living Facility | Beaufort, SC?

Parking information for the property isn't currently listed. However, other nearby parking options include Lowes Parking, located 0.34 miles away , and WalMart Parking, which is 1.21 miles away.

109 Old Salem Rd, Beaufort, SC 29902

For Sale $4,000,000
Property Type Other
Property Size 34,897 SF
Units 40
Lot Size 5.67 Acre
Year Built 1999
Date Updated Jul 21, 2026

Description

Beaufort, South Carolina, is a historic harbor city in the heart of the Lowcountry and the Sea Islands. Founded in 1711, it is the second-oldest city in the state and serves as the county seat of Beaufort County. Known as the “Queen of the Carolina Sea Islands,” it is renowned for its well-preserved antebellum architecture, and its entire 304-acre downtown is a National Historic Landmark District.-

Highlights

2025 Weitz Replacement Cost (Construction cost only): $353/SF
85% LTC, and 5.722% interest
Acquisition CAP Rate: 12.46%
Average Home Value: $501,987
Average Household Income (Age 75+): $92,335
Average Net Worth (Age 75+): $2,662,035
Cash on Cash: 34.89%
CoStar Average National CAP & Sold Comps: 6.5% & $307/SF
CoStar Southeast Sold Comps: $292/SF; subject property at $114.62/SF
Debt Service Coverage Ratio: 1.95
Demographics: As of 2023, the city population is approximately 13,700. The broader county is one of the fastest growing in the South, largely due to development near Hilton Head Island and Bluffton.
Economic & Social Infrastructure:
FINANCIAL HIGHLIGHTS (5-Year Hold)
Forecast NOI: $498,460 (normalizing expenses to 75% of Gross Revenue)
Gross Revenue: $2,215,380 (Actual)
IRR: 70.04%
List Price: $4,000,000
Marine Corps Air Station (MCAS) Beaufort
Marine Corps Recruit Depot Parris Island
Military Presence: A major driver of the local economy, the region hosts several key installations: