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    SC-707 And Grand Oak Blvd Myrtle Beach, SC 29588

    For Lease
    $89,000

    Prime 1.05-acre commercial lot, Hwy 707 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Socastee area of Horry County, South Carolina. Boasting excellent visibility and accessibility, this property offers two full access points to Highway 707 via Grand Oak Boulevard and Bay Road, including a signalized intersection and a convenient right-in, right-out access point. The lot size totals 45,738 square feet (APN: 45703040053), zoned for commercial use, making it ideal for a variety of businesses. Highway 707 boasts a significant daily traffic count of 39,700 vehicles, increasing during peak seasons. The property benefits from its strategic location directly in front of the newly constructed Anchor Point Apartments, a 204-unit complex, ensuring a substantial customer base. This high-growth submarket experiences an annual growth rate of 2.5% to 3.25% within a 1, 3, and 5-mile radius. The property's surrounding area features a mix of established businesses, including Scrubby's car wash, McDonald's, Dunkin' Donuts, Food Lion, and Circle K, creating a vibrant commercial environment. The asking lease rate is $89,000 per year. This property is perfectly suited for quick-service restaurants (QSRs), banks, automotive businesses, or other retail establishments seeking high visibility and strong traffic flow.

    Property Features for SC-707 And Grand Oak Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    Total Rate
    89000

    Unit(s) available at that property

    Space
    Size
    0 SF
    Rate per SF
    $89,000

    HighLights

    • 1.05‑acre commercial land parcel in Horry County, SC.
    • Excellent visibility and access via Hwy 707 and Grand Oak Blvd (signalized intersection).
    • High‑growth submarket with 2.5% - 3.25% annual growth within a 5‑mile radius.
    • Hwy 707 traffic count of 39,700 vehicles (higher seasonally).
    • Located adjacent to a new 204‑unit apartment complex.
    • Ideal for QSR, bank, automotive, or other retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -79.030650198735
    Latitude
    33.640275536519

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    FAQs

    What type of property is this?
    Land - Prime 1.05-acre commercial lot, Hwy 707 access.
    Where is this land located?
    The property is located at SC-707 And Grand Oak Blvd Myrtle Beach, SC.
    What is the lease rate?
    The lease rate is $89,000.
    What are key features of this property?
    This property features: 1.05-acre commercial land parcel in Horry County, SC.; Excellent visibility and access via Hwy 707 and Grand Oak Blvd (signalized intersection).; High-growth submarket with 2.5% - 3.25% annual growth within a 5-mile radius.
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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
    SC-707 And Grand Oak Blvd Myrtle Beach, SC 29588
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