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    Mccormick Rd Myrtle Beach, SC 29579

    Sponsored
    For Sale
    $4,000,000

    16.5 Acres, Prime Myrtle Beach Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional 16.5-acre commercial land parcel in Myrtle Beach, South Carolina, is available for $4,000,000. Located on McCormick Rd in Horry County (zip code 29579), this property boasts a central corner location at the only lighted intersection within the thriving Forestbrook community. The site is zoned RE-4 and is ready for immediate development. All necessary infrastructure is available, including water and sewer connections. A completed wetlands delineation study confirms the absence of wetlands on the property. Detailed topographical surveys, phase 1 environmental reports, soil studies, demographic data, and the wetlands letter are readily available upon request. While the purchase price is $4,000,000, the buyer will be responsible for installing the infrastructure to service the remaining 45 acres of the owner's adjacent commercial corner lot. This presents a unique opportunity to acquire a strategically positioned site in a high-growth area of Myrtle Beach. The property's prime location and readily available supporting documentation make it an ideal investment for developers seeking a high-impact commercial project. Latitude and longitude coordinates are 33.710521, -78.9741009 respectively.

    Property Features for 0 Mccormick Rd

    General Information

    Property type
    Land
    Lot Size
    718,740 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9741009
    Latitude
    33.710521

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    FAQs

    What type of property is this?
    Land - 16.5 Acres, Prime Myrtle Beach Location
    Where is this land located?
    The property is located at Mccormick Rd Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $4,000,000.
    (843) 267-3585
    Request Owner's contact information
    Mccormick Rd 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
    Mccormick Rd Myrtle Beach, SC 29579
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