13 Marshellen Drive, Port Royal, SC 29935
sale
$800,000
|
Office
Courtesy Of The Homesfinder Realty Group
Positioned in the growing coastal market of Port Royal, 13 Marshellen Drive presents a stabilized, income-producing investment opportunity with long-term security already in place. The property is leased to an in-place tenant through June 30, 2030, providing predictable cash flow and reducing near-term leasing risk for investors. This asset offers an attractive 7.29% cap rate, delivering strong in-place returns relative to comparable coastal investments. The extended lease term enhances income durability, making it well-suited for investors seeking returns with minimal management intensity. Strategically located the only business park in Port Royal, the property benefits from continued population growth, expanding tourism, and increasing demand for service-oriented and neighborhood commercial uses. The building has been well maintained with new exterior paint as of 2022 and a new roof as of 2023. Fencing at the rear of the property was added within the last year, as well. The tenant, a thriving & in demand day care, and makes great use of the space, including a kitchenette and 4 bathrooms. The area has significant nearby developments, including the newly approved $30M+ VA Super Clinic Port Royal, which is expected to drive consistent daytime traffic and employment, as well as the transformative Safe Harbor Development at the Port of Port Royal just up the road, adding residential density, marina activity, and vibrant mixed-use amenities to the immediate area. Proximity to Beaufort and key regional drivers, including Marine Corps Recruit Depot Parris Island & the Marine Corps Air Station, further supports long-term tenant demand and economic resilience. 13 Marshellen Drive represents a compelling opportunity to acquire a performing asset in a supply-constrained coastal market, offering both stable current income and the potential for future appreciation.
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Property Features
- Age: 21-30 Years Old
- Amenities: Disabled Access
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Composite Siding
- Floor Covering: Tile
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: BLDG L BELLEVIEW BUSINESS PARK PB98 P198 PB101 P54
- MLSID: 196204
- Roof Type: Composition
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