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    700 Mitchell Dr Myrtle Beach, SC 29577

    For Sale
    $2,500,000

    Apartments - Myrtle Beach, SC

    Days on Market:
    164
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 700 Mitchell Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1960
    Number of units
    21
    Architectural style
    Other

    Own Myrtle Real Estate, LLC (843) 855-5570 [email protected]

    Listing agent Ester Esti Simantov (843) 855-5570

    Listing date Jul 4, 2025

    MLS# 2509474 Listing URL

    Copyright © 2025 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Myrtle Beach Apartments For Sale

    This unique compound features four buildings situated in the highest-density zoning available—MUH—spanning 0.66 acres. The property includes 21 total units, made up of 16 efficiencies and 5 two-bedroom apartments, offering flexibility for both short-term and long-term rental opportunities. Perfectly positioned between Ocean Blvd and Highway 17 Business in Myrtle Beach, South Carolina, it's just a short stroll to the beach, restaurants, and shopping. The property is located in Horry County, with the postal code 29577. Whether you're looking for immediate rental income or future redevelopment potential, this location checks every box.
    Location Intelligence

    Current Use by Public Records

    Imperial Hospitality LLC Cleaners

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.895805
    Latitude
    33.680511

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    FAQs

    What type of property is this?
    Apartment building - 21-unit apartment complex near beach, restaurants, and shopping.
    Where is this apartment building located?
    The property is located at 700 Mitchell Dr Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime location between Ocean Blvd and Highway 17 Business, walking distance to beach, restaurants, and shopping.; - High-density MUH zoning on 0.66 acres.; - 21 total units: 16 efficiencies and 5 two-bedroom apartments.
    (843) 855-5570
    Request Owner's contact information
    700 Mitchell Dr Myrtle Beach, SC 29577
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Mitchell Dr Myrtle Beach, SC 29577
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