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Property profile & analytics
OFF-MARKET
Land

17 70Th Ave Myrtle Beach, SC 29577

1.6 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.6 ac (69,696 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
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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