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Property profile

1560 G P Smith Ave Longs, SC 29568

FOR SALE
Self storage facilities
Property ID
US77-1903166
1.99 ac lot
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Property summary

AI-generated overview

This exceptional 1.99-acre parcel in Longs, South Carolina, presents a prime opportunity for a self-storage or boat/RV storage development. Located at 1560 G P Smith Ave, Horry County, this property boasts pre-approved plans for a 22,000-square-foot building, expandable to three stories, or open/covered RV parking. The flexible design allows for customization to suit the buyer's vision. Situated off Highway SC-9, with over 17,000 vehicles passing daily, this location offers excellent visibility and accessibility. Longs, SC, and the surrounding area have experienced significant growth, with a 52% population increase since 2010 and a projected 8.8% growth within a five-mile radius by 2026. The property's strategic location provides easy access to both Longs and North Myrtle Beach. A completed feasibility study rated the property a B+. Importantly, the property has already received all necessary flood zone approvals from Horry County, a requirement for commercial parcels over half an acre. The asking price is $326,000. This is a rare chance to capitalize on the booming growth in Horry County and establish a thriving storage business. The property's zoning and approvals significantly reduce development hurdles, making this an attractive investment.

Property profile

Verified
Property type Self storage facilities
Lot 1.99 ac (86,684 SF)
UPID US77-1903166

Cap rate & NOI

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

Location

1560 G P Smith Ave Longs, SC 29568
Longs 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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