Technical
Financial
Distress signals
Property profile

11006 Tournament Blvd Murrells Inlet, SC 29576

OFF-MARKET
Land
8.44 ac lot
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Property summary

AI-generated overview

This exceptional 8.44-acre commercial land parcel in Murrells Inlet, South Carolina, presents a unique investment opportunity. Located at 11006 Tournament Blvd, this property (APN: 46903030003, 46903030019) is currently zoned SF14.5 but is being sought to be rezoned to RE3, allowing for commercial and multifamily development. The asking price is $1,900,000, translating to approximately $6.20 per square foot. Situated adjacent to a Walmart Community Grocery Store complex along the Hwy 17 bypass south, this location benefits from high visibility and convenient access. Significant infrastructure improvements are underway, including SC Department of Transportation enhancements to the intersection of Tournament Blvd and McDowell Shortcut Road, with a new traffic signal planned. This high-growth area is near the Prince Creek development, promising strong future appreciation. The property currently includes a storage building, horse stables, pasture area, three houses, and a pond. This versatile property offers substantial potential for a variety of commercial and/or multifamily projects. The property's prime location and ongoing infrastructure improvements make it an attractive investment in a rapidly developing area of Horry County.

Property profile

Verified
Property type Land
Lot 8.44 ac (367,646 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11006 Tournament Blvd Murrells Inlet, SC 29576
Murrells Inlet metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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