586 Hwy 701st N, Loris, SC 29569-2473
This all-brick commercial property, located at 586 N Highway 701 North in Loris, South Carolina, offers 2,204 square feet of versatile space ideal for business, retail, or office use. The building is comprised of two 1,000-square-foot units, allowing for either single-occupancy use of the entire building or separate tenancy. Its prime location on Highway 701 ensures excellent visibility and accessibility, benefiting from high traffic volume. The property boasts a recently replaced HVAC system (2024) and includes two restrooms. Situated conveniently near Highway 9 and the North Carolina-South Carolina border, this location offers easy access to both states. Commuters will appreciate the proximity to North Myrtle Beach and Conway (approximately 25 minutes each) and North Carolina (5 minutes). The 0.19-acre lot provides ample space. Measurements are approximate and should be independently verified by the buyer. This presents a significant opportunity for business development in the rapidly growing City of Loris.
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
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Property description
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Risks
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