17 70Th Ave Myrtle Beach, SC 29577
This exceptional 1.6-acre commercial land parcel, located in the heart of Myrtle Beach, SC, presents a unique development opportunity. Situated on U.S. Highway 17 Business & 70th Avenue North, this property boasts approximately 232 feet of frontage and 299 feet of depth, offering excellent visibility and accessibility. The site is zoned Highway Commercial and is part of a larger tract (APN 42105010103). A curb cut is already in place on Highway 17 Business. The property benefits from an average daily traffic count of 27,300 vehicles (SCDOT 2019 data). City of Myrtle Beach impact fees have already been paid for 115 restaurant seats, streamlining the development process. This location offers unparalleled proximity to a thriving commercial corridor, surrounded by established businesses including Outback Steakhouse, Carrabba's Italian Grill, TGI Fridays, Bonefish Grill, KFC, Hardee's, K&W, Stein Mart, Tuesday Morning, Talbots, Rose Arbor, and CVS Pharmacy. The area also features a high concentration of vacation rentals (over 5,000 units) and several residential subdivisions, including Pine Lakes, Dunes Club, and Grande Dunes, ensuring a robust customer base. The asking price for this prime development site is $2,100,000. The seller will subdivide the larger tract.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.