201 24th N Ave North Myrtle Beach, SC 29582
Residential), RC (Resort Commercial) and PDD (Planned Development District) primary zoning districts. The boundaries of the overlay zone are proposed to include oceanfront properties and associated properties within three hundred (300) feet of the oceanfront properties in the R-4 and RC and PDD districts. (c) Overlay zone provisions: 1. The minimum on-site p…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RC · North Myrtle Beach, SCResidential), RC (Resort Commercial) and PDD (Planned Development District) primary zoning districts. The boundaries of the overlay zone are proposed to include oceanfront properties and associated properties within three hundred (300) feet of the oceanfront properties in the R-4 and RC and PDD districts. (c) Overlay zone provisions: 1. The minimum on-site parking requirement for hotel/motel, resort accommodations and multifamily developments on the oceanfront may be reduced to twenty (20) percent. All off-site parking must be located within the overlay zone and all parking must be totally within three hundred (300) feet of the principal oceanfront use. 2. Tracts adjacent to oceanfront PDD sites but separated by and directly across Ocean Boulevard may be included in an oceanfront PDD site provided such tracts contain at least one (1) acre of contiguous property and the oceanfront PDD site contains at least one and five-tenths (1.5) acres of contiguous property.* [2] 3. Oceanfront cabana houses and amenities when accessory to adjacent* second row properties directly across Ocean Boulevard. 4. All fences shall meet the following: (a) At least a five-foot setback. (b) Maximum fence height-Four (4) feet from grade to top. (c) Aluminum or PVC (polyvinyl chloride) construction. (d) At least fifty (50) percent transparency. (5) Priority Investment Zones (as an umbrella category). The Priority Investment Overlay planning tool, created under the South Carolina Priority Investment Act of 2007, provides a format for public response to private sector economic revitalization/reinvestment issues as the "vision" for the future of an area evolves. The overlay zones created under this category may be applied to centers of activity, specific street corridors, or neighborhoods. This "centers, corridors, and neighborhoods" approach was identified in the city's 2010 Comprehensive Plan Update. Each overlay area may need specific provisions to address issues unique to that particular context, and not necessarily applicable to the other Priority Investment areas in the city. (a)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.