1508 Azalea Dr Surfside Beach, SC 29575
- Office Properties & Spaces
- 1,020 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1508 Azalea Dr
- Property size
- 1,020 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 1,020-square-foot executive office condo in Surfside Beach, South Carolina, presents a compelling investment opportunity. Located at 1508 Azalea Dr, Myrtle Beach, SC 29575, this Class B property boasts a strong 6.00% cap rate and is currently 100% occupied by a corporate tenant under a triple-net (NNN) lease. The lease commenced November 1, 2023, and extends for a three-year term, expiring November 1, 2026, leaving approximately 1.9 years remaining. The asking price is $135,500, translating to $132.84 per square foot. Recently renovated, the single-story unit features new flooring, paint, energy-efficient windows, and LED lighting. The well-designed layout includes a reception area and office, three additional offices (one suitable as a conference room), a shared workspace, a half-bath, and a kitchenette. Shared front and rear entries are convenient, and ample parking is available. The building benefits from a recently replaced roof (approximately 5 years ago) and windows (also approximately 5 years ago). This turnkey investment is situated within a popular Surfside business park, offering immediate income and long-term potential. The Horry County location and convenient address make this a highly desirable property. The APN is 45910030140.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Surfside Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.9711
- Latitude
- 33.6249
