Possible Conversion to Behavioral With Special Use Permit

1119 Pick Pocket Plantation Drive, Beaufort, SC 29902

Accepting Offers
Possible Conversion to Behavioral With Special Use PermitPossible Conversion to Behavioral With Special Use PermitPossible Conversion to Behavioral With Special Use PermitPossible Conversion to Behavioral With Special Use Permit
Asking Price

$6,000,000

Possible Conversion to Behavioral With Special Use Permit

1119 Pick Pocket Plantation Drive, Beaufort, SC 29902

Asset Type: Real Estate

Estate: Fee Simple

Year Built: 1999

Number of Floors: 1

Property Size: 48,288 SF

Property Type: Other

Occupancy %: 0

Land Area: 5.7 Acres

Number of Units: 72

Investment Highlights

  • Facility Amenities
  • • Community living room and activity areas
  • • Family dining and library
  • • Large-screen TV room
  • • Dedicated activities room
  • • Professional Kitchen

Possible Conversion to Behavioral With Special Use Permit

This property offers numerous amenities designed for comfortable community living, including activity areas, family dining and library space, a large-screen TV room, dedicated activities room, and a professional kitchen. In addition to its current use, the property may be converted to an independent living facility under existing zoning or to a behavioral health facility with a Special Use Permit. Located in historic Beaufort, South Carolina, the property benefits from a strong and growing market. Known as the “Queen of the Carolina Sea Islands,” Beaufort attracts more than two million visitors annually and is supported by major employers including Marine Corps Air Station Beaufort, Marine Corps Recruit Depot Parris Island, and the U.S. Naval Hospital Beaufort. Continued growth in nearby Hilton Head Island and Bluffton has made Beaufort County one of the fastest-growing areas in the Southeast. The market features affluent demographics, with residents age 75 and older having an average net worth of approximately $2.66 million and average household income of $92,335. Average home values exceed $500,000, providing strong support for senior housing and healthcare-related uses. Currently vacant, the property offers an attractive value opportunity. Comparable senior housing properties in the Southeast have sold for an average of $292/SF, while the subject property is offered at approximately $114.62/SF. Nationally, comparable facilities average $307/SF and a 6.5% cap rate. The 2025 Weitz replacement cost estimate of $353/SF further highlights the opportunity to acquire the asset at a substantial discount to both replacement cost and market comparables.

Sale FAQs

Investment Sales Broker

Ernie Anaya, MBA

Ernie Anaya, MBA

Bull Realty, Inc.

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXX

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