Current Use by Public Records
- Oram Engineering / Structural Engineer
Property Details for 1278 Pridgen Rd
- Year built
- 1990
- Lot size
- 0.71 lot acres
- Property type
- Office Spaces
Description
This exceptional investment opportunity presents a five-unit, multi-tenant office building ideally located at 1278 Pridgen Rd, Myrtle Beach, SC 29577. The property boasts a total of 6,500 square feet situated on a 0.71-acre lot, providing ample space for tenants and parking. Built in 1990, the building features a Low Country design and offers 29 parking spaces. Its convenient location near US Highway 17 Business provides easy access to Myrtle Beach International Airport and various retail establishments. Currently, the building enjoys below-market rents for existing tenants, presenting significant upside potential for future income growth. This makes it an attractive investment for both investors seeking strong returns and owner-occupiers looking for a well-established office space. The property's idyllic setting, nestled amongst quiet residential subdivisions, creates a peaceful and productive work environment. The asking price is $785,000, translating to $120.77 per square foot. This represents a compelling opportunity to acquire a well-maintained, multi-tenant office complex in a desirable location with immediate income potential and significant long-term growth prospects.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.907
- Latitude
- 33.6835
