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    3005 Newcastle Loop Myrtle Bch Myrtle Beach, SC 29588

    Sponsored
    For Sale
    $319,800

    1.31 Acres, Prime Myrtle Beach Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering encompasses two contiguous lots, totaling 1.31 acres, situated in the thriving Queens Harbour development of Myrtle Beach, South Carolina. The property, identified by Horry County PIN numbers 45804040007 and 45804040008, boasts approximately 210 feet of road frontage along Newcastle Loop. Zoned for Planned Unit Developments (PUDs), this versatile land presents significant development potential. The lots are conveniently located near the intersection of Highway 17 Bypass and Highway 544, a high-traffic area with an average daily traffic count of 44,100 vehicles (SCDOT 2022 data). This strategic location places the property in close proximity to major retailers including Lowe's, Starbucks, Target, Kohl's, Walmart, and Office Depot, ensuring high visibility and accessibility. The surrounding area is experiencing substantial growth, with numerous new single-family and multi-family residential developments underway. Individual lot sizes are approximately 0.56 acres (Lot 2) and 0.57 acres (Lot 3), offering flexibility for buyers. The combined asking price for both lots is $319,800. Annual property taxes for 2022 totaled $2,431.00 ($1,215.50 per lot). This presents a unique opportunity to acquire a prime commercial parcel in a rapidly expanding market. The property is offered for sale as a whole or the lots can be purchased separately.

    Property Features for 3005 Newcastle Loop Myrtle Bch

    General Information

    Property type
    Land
    Lot Size
    57,064 SF

    HighLights

    • 1.31‑acre commercial land parcel in Myrtle Beach, SC, comprised of two contiguous lots (0.56 acres and 0.57 acres).
    • 210 feet of road frontage on Newcastle Loop.
    • Horry County PINs 45804040007 and 45804040008.
    • $319,800 asking price; 2022 property taxes totaled $2,431.
    • High‑traffic location near Highway 17 Bypass and Highway 544 (44,100 AADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.992345
    Latitude
    33.63944

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    FAQs

    What type of property is this?
    Land - 1.31 Acres, Prime Myrtle Beach Location
    Where is this land located?
    The property is located at 3005 Newcastle Loop Myrtle Bch Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $319,800.
    What are key features of this property?
    This property features: 1.31-acre commercial land parcel in Myrtle Beach, SC, comprised of two contiguous lots (0.56 acres and 0.57 acres).; 210 feet of road frontage on Newcastle Loop.; Horry County PINs 45804040007 and 45804040008.
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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
    3005 Newcastle Loop Myrtle Bch Myrtle Beach, SC 29588
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