1479/1471 Highway 17 Little River, SC 29566
- Hotels
- 4,243 SF
- 1.23 lot acres
Current Use by Public Records
- Royal Maids LLC / Cleaning Service / House Cleaning Service
Property Details for 1479/1471 Highway 17
- Year built
- 1971
- Lot size
- 1.23 lot acres
- Property size
- 4,243 SF
- Zone code
- HC
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 312-05-02-0052
- APU
- 31205020052
Description
This exceptional Little River, South Carolina commercial property, located at 1479 & 1471 Highway 17, presents a unique investment opportunity. Boasting 8,976 square feet on over an acre of land, this corner lot enjoys over 225 feet of highway frontage, experiencing high traffic volume exceeding 60,000 cars daily. Currently generating monthly income from existing tenants, including a cleaning company (Royal Maids) and a 10-unit apartment building, this property offers immediate cash flow. The prime location in Little River, just five minutes from the Atlantic Ocean and North Myrtle Beach, and fifteen minutes from Calabash, NC, ensures high visibility and accessibility. Little River's thriving economy and desirable climate, rarely experiencing temperatures below 25 degrees or above 92 degrees, create an ideal environment for business growth. The property's size and location make it exceptionally well-suited for redevelopment, potentially attracting a national tenant. While the current tenants provide immediate return, the long-term potential for significant appreciation is undeniable. The asking price is $1,190,000. All measurements are approximate and should be independently verified by the buyer.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $535,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $525,000
- 6.5%
- $510,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $575,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $560,000
- Mixed-Use
- $520,000
- Hospitality
- $480,000
- Educational
- $480,000
- Residential Income
- $525,000
- Energy
- $560,000
- Income-Based Land
- $505,000
- Food Service
- $510,000
Location Insight
- Map
- Local Demand
- City
- Little River
- County
- Horry
- State
- South Carolina
- Longitude
- -78.619
- Latitude
- 33.8753
- CBSA code
- 34820
- CBSA name
- MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA