1304 Hwy 17th S North Myrtle Beach, SC 29582
- Grocery and convenience stores
- 1,536 SF
- 0.60 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 1304 Hwy 17th S
- Year built
- 1983
- Lot size
- 0.60 lot acres
- Property size
- 1,536 SF
- Zone code
- HC
- Property type
- Grocery and convenience stores
- APN
- 357-11-02-0004
- APU
- 35711020004
Description
This exceptional 0.6-acre commercial land parcel presents a remarkable development opportunity in a thriving South Carolina retail corridor. Located at 1304 Highway 17 South in North Myrtle Beach (zip code 29582), this property boasts 185 feet of highway frontage, ensuring exceptional visibility and accessibility. The site benefits from a high daily traffic count exceeding 48,000 vehicles, guaranteeing significant exposure for any future development. A clean Phase I environmental report is available, streamlining the development process. Two existing curb cuts provide convenient access, and the property's location is surrounded by major retailers, establishing a proven track record of success. Ideal uses include restaurants, drive-thrus, retail establishments, and banks. This ready-to-develop pad site is priced at $1,200,000 and includes a $200,000 tax credit, making it a compelling investment opportunity. The previous building has been removed, allowing for immediate construction. This is a rare chance to capitalize on a prime location in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $995,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $700,000
- 6.5%
- $735,000
- 7%
- $805,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $730,000
- Geo Method
- $700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $705,000
- Retail
- $750,000
- Mixed-Use
- $770,000
- Hospitality
- $770,000
- Educational
- $685,000
- Residential Income
- $635,000
- Energy
- $745,000
- Income-Based Land
- $725,000
- Food Service
- $780,000
Location Insight
- Map
- Local Demand
- City
- North Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.6961
- Latitude
- 33.8161
- CBSA code
- 34820
- CBSA name
- MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA