Property profile

1240 21st N Ave Myrtle Beach, SC 29577

OFF-MARKET
Office Spaces
Property ID
US77-1799042
1,884 SF Built 2007
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,833-square-foot medical office suite, located at 1240 21st Ave N, Suite 106D, in Myrtle Beach, South Carolina, presents a fantastic opportunity. Situated within the two-story, Class B, 21st Avenue Commerce Center (built in 2007), this single-tenant space is ideally suited for a single practitioner or satellite office. The first-floor corner location offers excellent visibility and accessibility. The efficient layout includes a reception area with a check-in window and administrative space, a waiting area, restroom, three exam rooms, a checkout window, a nurse's station, two private offices, and ample supply closets. The property sits on 1.68 acres of land and is zoned MP. Its prime location on 21st Avenue North, a major business corridor, benefits from proximity to key healthcare providers, including Tidelands Health and Coastal Carolina Plastic Surgery, as well as other professional services like Merrill Lynch and Progressive Physical Therapy, all within two blocks. The convenient location is also near the intersection of 21st Avenue North and Robert Grissom Parkway, a vital traffic artery connecting Carolina Forest and Myrtle Beach's north end to the Myrtle Beach International Airport. The building is anchored by CenterWell Home Health on the second floor, attracting additional professional office users. This turnkey medical office offers immediate occupancy and a strong foundation for a thriving practice in a high-demand area. The Horry County location and Myrtle Beach submarket offer a desirable location for medical professionals.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2007
Construction CONCRETE
Total area 1,884 SF
APN 424-08-03-0004
UPID US77-1799042

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • Loan Service Bank
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Home Health Care Service

Location

1240 21st N Ave Myrtle Beach, SC 29577-7401
Myrtle Beach metro Census 50500 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2014
Last sale
$245,000
3 recorded transactions
2014
Price N/A
2014
$245,000
2013
$715,000

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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