1119 Pickpocket Plantation Dr - Assisted Livings FOR SALE


Beaufort, SC 29902
$6,000,000 USD
678-283-0136
1119 Pickpocket Plantation Dr, Beaufort, SC for Sale
$6,000,000 USD
Assisted Livings - FOR SALE
1/10
null | Request Cap Rate

1119 Pickpocket Plantation Dr
Beaufort, SC 29902


HIGHLIGHTS

  • Vacant senior housing and healthcare investment opportunity featuring 72 suites, 87 beds, and three single-story buildings totaling ±48,288SF
  • Property includes a community living room and activity areas, family dining room and library, large-screen TV room, activities room, and kitchen
  • Beaufort County is one of the fastest-growing markets in the Southeast, supported by major military installations, tourism, and continued growth
  • Strong demographics with average household income of $92,335 for residents age 75+, along with average home values of approximately $502,000
  • The subject property is offered at approximately $114.62/SF, representing a significant discount to Southeast comparable sales averaging $292/SF
  • 2025 replacement cost is estimated at $353/SF, providing a compelling value-add and repositioning opportunity for investors or operators

OVERVIEW

Located in Beaufort County, South Carolina, 1119 Pick Pocket Plantation Drive is a vacant senior housing and healthcare investment opportunity consisting of three single-story buildings totaling ±48,288 SF on ±5.7 acres. Built in 1999, the property features 72 suites and 87 beds, along with numerous amenities including a community living room, family dining area and library, large-screen TV room, dedicated activities room, and a professional kitchen. Beaufort is a historic Lowcountry city known for its coastal setting, strong tourism industry, and the economic stability provided by major military installations. The area continues to experience steady growth fueled by nearby Hilton Head Island and Bluffton and benefits from affluent demographics, with average home values approaching $502,000. Currently vacant, the subject property is offered at approximately $114.62/SF, significantly below Southeast comparable sales averaging $292/SF and the estimated 2025 replacement cost of $353/SF, presenting an attractive value-add and repositioning opportunity.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summit Place of Beaufort

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

5.7 AC

LAND SF

248,292 SF

ZONING

6611

APN/PARCEL ID

R122-029-000-0222-0000

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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