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    1028 Glenforest Rd Myrtle Beach, SC 29579

    Sponsored
    For Lease
    $95,000

    1.17-acre outparcel, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.17-acre commercial land parcel presents a prime development opportunity in the thriving Carolina Forest area of Myrtle Beach, South Carolina. Located at 1028 Glenforest Rd, 29579, this single-tenant site offers unparalleled visibility and accessibility. The property boasts direct frontage on US Highway 501, a major thoroughfare with an average daily traffic count exceeding 50,000 vehicles. Convenient access is ensured by a deceleration lane from Highway 501 and a right-in/right-out onto Orchard Drive. This strategic location places the property within close proximity to Highway 31, further enhancing its accessibility and appeal. The site is zoned HC and is development-ready. Its prime location within the Carolina Forest Square Shopping Center places it amongst a strong roster of established businesses, including Publix, Ollie's, KFC, Dairy Queen, Tanger Outlets, Kroger, and Bank of America. Carolina Forest is experiencing rapid growth, making this an exceptional investment opportunity for businesses seeking high visibility and a strong customer base in a dynamic market. This is a rare opportunity to secure a prominent location in one of South Carolina's fastest-growing communities.

    Property Features for 1028 Glenforest Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    Total Rate
    95000

    Unit(s) available at that property

    Space
    Size
    0 SF
    Rate per SF
    $95,000

    HighLights

    • 1.17‑acre site, PIN 39914040005.
    • 154' of highway frontage on Highway 501 and 172' on Glenforest Road.
    • $9,411 annual property taxes (Horry County, SC, 2023).
    • 50,100 AADT on Highway 501 (SCDOT 2023).
    • Highway Commercial zoning (Horry County, SC).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    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
    -78.9634141
    Latitude
    33.754776

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    FAQs

    What type of property is this?
    Land - 1.17-acre outparcel, high traffic area.
    Where is this land located?
    The property is located at 1028 Glenforest Rd Myrtle Beach, SC.
    What is the lease rate?
    The lease rate is $95,000.
    What are key features of this property?
    This property features: 1.17-acre site, PIN 39914040005.; 154' of highway frontage on Highway 501 and 172' on Glenforest Road.; $9,411 annual property taxes (Horry County, SC, 2023).
    Request Owner's contact information
    1028 Glenforest Rd Myrtle Beach, SC 29579
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    Myrtle Beach, SC 29579
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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
    1028 Glenforest Rd Myrtle Beach, SC 29579
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