SC-707 And Grand Oak Blvd Myrtle Beach, SC 29588
- Land
- 1.05 lot acres
Current Use by Public Records
- Land
Property Details for SC-707 And Grand Oak Blvd
- Lot size
- 1.05 lot acres
- Property type
- Land
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -79.0306
- Latitude
- 33.6403
