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    7481 Enterprise Rd Myrtle Beach, SC 29588

    Sponsored
    For Sale
    $2,500,000

    5.53 Acres, 20 Units, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.53-acre industrial property in Myrtle Beach, South Carolina, presents a lucrative investment opportunity. Located at 7481 Enterprise Rd., 29588, this site boasts 505 feet of road frontage and readily available utilities, including electricity, water, and sewer access at the roadside. Currently generating income with 20 fully rented 10x10 storage units, this property offers immediate cash flow and significant upside potential. The land's size and location provide ample room for expansion or redevelopment, catering to a variety of commercial or industrial uses. The asking price is $2,500,000. Note that the square footage is approximate and requires verification by the buyer. This is a rare chance to acquire a well-situated, income-producing property in a growing market. Don't miss this opportunity to capitalize on the strong demand for industrial space in the Myrtle Beach area. Serious inquiries only.

    Property Features for 7481 Enterprise Rd

    General Information

    Property type
    Distribution properties
    Lot Size
    240,887 SF

    Building Details

    Units
    20

    HighLights

    • $2,500,000 asking price.
    • 5.53‑acre industrial land parcel in Myrtle Beach, SC.
    • 20 existing 10x10 storage units, fully rented.
    • 505 feet of road frontage.
    • Utilities (electric, water) on‑site; sewer at roadside.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Clothing Store Kitchen & Bath HVAC Service Electronics Store Women's Store

    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
    -79.0390089
    Latitude
    33.673732

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    FAQs

    What type of property is this?
    Distribution property - 5.53 Acres, 20 Units, High Potential
    Where is this distribution property located?
    The property is located at 7481 Enterprise Rd 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: $2,500,000 asking price.; 5.53-acre industrial land parcel in Myrtle Beach, SC.; 20 existing 10x10 storage units, fully rented.
    Request Owner's contact information
    7481 Enterprise Rd Myrtle Beach, SC 29588
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    Myrtle Beach, SC 29588
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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
    7481 Enterprise Rd Myrtle Beach, SC 29588
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