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Myrtle Beach Development Opportunity
For Sale
$483,900
Pending

904 3rd Avenue North, Myrtle Beach, SC 29577

1.03 acre lot zoned for twenty units near the ocean.

Property SizeContact for details
Lot Size1.03 Acres
Days on Market162

Property Features for 904 3rd Avenue North

General Information

Standard status Pending
Lot size 1.03 Acres
Property subtype Land / Multi Family
Zoning RMH

Building Details

Year Built 1974
Listing Agency: Century 21 Palms Realty
Listed By: Josh Meetre · License #100754
Source: Compass
Added: Mar 13 Changed: Aug 8 Last Checked: Aug 8 at 12:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Palms Realty

Investment Insights

Based on property information with market context.

This 1.03-acre property, located in Myrtle Beach, is zoned to allow for the construction of up to twenty units. Situated in an opportunity zone, the double lot currently features a fully rented duplex, providing consistent income. The existing duplex includes a top-level unit with 4 bedrooms and 2 bathrooms, and a bottom-level unit with 2 bedrooms and 1 bathroom. This property presents a unique opportunity for investors and builders looking to develop additional units, with the potential to build up to 18 more units. The property is located just blocks from the ocean.

Key Highlights

  • Zoning allows for up to 20 units to be built.
  • 1.03 acre double lot in Myrtle Beach.
  • Located in an opportunity zone.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office Skin Care Clinic Pharmacy Pet Grooming Service Acupuncture (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,135
Businesses Nearby

Demographics for 29577, SC

34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 1.03 acre lot zoned for twenty units near the ocean.
Where is this residential land & home lot located?
The property is located at 904 3rd Avenue North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $483,900.
What are key features of this property?
This property features: Zoning allows for up to 20 units to be built.; 1.03 acre double lot in Myrtle Beach.; Located in an opportunity zone.
More about this property
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