Redevelopment Opportunity In Historic Downtown Beaufort, SC

Located in the heart of the vibrant coastal community of Beaufort, SC, the property is located in the heart of the historic downtown area, renowned for its antebellum architecture, boutique shops, and restaurants. The Henry C. Chambers Waterfront Park is just in front of the property and offers majestic views of the Beaufort River. Additionally, Beaufort is consistently rated as one of "The Best Small Towns in America" by Southern Living Magazine. Beaufort is often described as a smaller version of its historic big city sisters, Savannah (40 miles to the south) and Charleston (70 miles north)Two adjoining properties in The Heart of Downtown Beaufort that have frontage on Bay Street, Charles Street, and Port Republic Street. The Cannon Building located at 211 Charles Street will be demolished and is fully permitted for a 27,500 SF three story property with 19 Two - Bedroom apartments and 2,500 SF of street retail. The Old Bay Building is a two story 18,264 SF property with frontage on Bay Street and Port Republic Street - the 1st floor has 10,843 SF of retail and restaurant space (fully leased) and the second floor has 7,421 SF of event and office space and a 3,000 SF exterior deck area. This building could be redeveloped with retail/restaurant space on the first floor, apartments on the second floor, and integrated with the adjoining Cannon Building to develop a Class A residential or hospitality property with a retail/restaurant component.