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    Highway 707 Myrtle Beach, SC 29588

    For Sale
    $2,950,000

    Myrtle Beach commercial land, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 9.83-acre commercial land parcel in Myrtle Beach, South Carolina, is ideally situated on Highway 707. Boasting approximately 450 feet of frontage, this MSF-10 zoned property enjoys a prime location less than ¾ of a mile from the intersection of Highway 31 and under ½ mile from the site of the planned Tidelands Health Carolina Bays Hospital. Daily traffic counts exceed 23,000 vehicles, providing exceptional visibility and accessibility. The nearly 10 acres of flat land offer significant development potential, with zoning allowing for single-family residential, mobile homes, and mixed-use projects with a 10,000 sq ft minimum lot size. The property's proximity to residential areas presents an opportunity for a mixed-use development combining commercial frontage with residential components. Annual household population growth within a 1-mile radius is projected at nearly 2.5% through 2027, and nearly 2% within 3 miles, indicating strong future demand. Note that a small wetlands area is located in the back right of the property, and the acreage is an estimate based on county assessor information

    Property Features for 0 Highway 707

    General Information

    Property type
    Land
    Lot Size
    428,195 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0298642
    Latitude
    33.6413076

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    FAQs

    What type of property is this?
    Land - Myrtle Beach commercial land, high traffic.
    Where is this land located?
    The property is located at Highway 707 Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $2,950,000.
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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
    Highway 707 Myrtle Beach, SC 29588
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