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Property profile & analytics
OFF-MARKET
Retirement homes

260 Watson Heritage Rd Loris, SC 29569

34,028 SF 5.71 ac lot Built 2015
Property ID
Property summary
AI-generated overview

This exceptional 34,028-square-foot assisted living facility, located at 260 Watson Heritage Rd, Loris, SC 29569, presents a unique investment opportunity. Built in 2015 and extensively renovated in 2023, this single-story, 60-bed facility is currently vacant and ready for immediate occupancy. The property sits on a 5.71-acre lot zoned PDD (Plan Development District) within Horry County, offering a serene setting with potential for expansion. Recent renovations included a complete overhaul of half the building, with minor cosmetic updates throughout the remainder. Modern amenities include a salon, employee breakroom, two resident spas with roll-in showers and tubs, a fitness/therapy area, community room, commercial kitchen with walk-in refrigeration, and two self-service laundry rooms. The facility boasts a secure and monitored environment, an established memory care unit, and new air conditioning units. Its location in Loris, a charming town near Myrtle Beach, offers a strong potential for occupancy given the growing demand for assisted living services in the region. The property may be purchased individually or in conjunction with a nearby leased senior center, creating a comprehensive senior living experience. Bid deadline is October 17th at 5:00 PM CT. On-site inspections are available by appointment on September 26th, October 3rd, and 10th.

Property profile
Verified
Property type Retirement homes
Year built 2015
Total area 34,028 SF
Lot 5.71 ac (248,728 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Oaks of Loris Assisted Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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