Viewing Listing MLS# 1503093
Myrtle Beach, SC 29588
- HCZoning
- N/ASqFt
- 8Units
- N/ASale/Rent
- N/AWet Lands
- 0.98Acres
- MLS# 1503093
- Commercial
- Sold
- Approx Time on Market1 year, 3 months, 13 days
- AreaMyrtle Beach Area--Includes Prestwick & Lakewood
- CountyHorry
- SubdivisionN/A
Overview
This investment property is HC and +15,300 sq. ft retail/office plaza on .98 acre. This property is south of the newly built back-gate overpass . The property features a lined parking lot with 52 parking spaces and a tenant marquee sign. The building is currently divided up into eight office/retail spaces. Currently, 7 of the 8 spaces are occupied. Current tenants include a call center, beauty salon, concrete company office, wedding event planner, childrens retail clothing store, light and photography, and beauty salon. Cap Rate is 7.1% (Pro-Forma 2015). At full occupancy this building would have a 10.3% Cap Rate.
Sale Info
Listing Date: 02-05-2015
Sold Date: 05-19-2016
Aprox Days on Market: 
1 Year(s), 3 month(s), 13 day(s)
Listing Sold: 
7 Year(s), 11 month(s), 13 day(s) ago
Asking Price: $749,000
Selling Price: $670,000
Price Difference:
Reduced By $49,000
Agriculture / Farm
Grazing Permits Blm: ,No,
Horse: No
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Irrigation Water Rights: ,No,
Farm Credit Service Incl: ,No,
Crops Included: ,No,
Association Fees / Info
Hoa: No
Bathroom Info
Building Info
New Construction: No
Num Stories: 1
Levels: One
Year Built: 1985
Mobile Home Remains: ,No,
Zoning: HC
Buyer Compensation
Exterior Features
Spa: No
Financial
Lease Renewal Option: ,No,
Garage / Parking
Parking Capacity: 52
Garage: No
Carport: No
Open Parking: No
Attached Garage: No
Interior Features
Fireplace: No
Furnished: Unfurnished
Lot Info
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 0.98
Lot Size: 142x300x142x300
Land Lease: No
Misc
Pool Private: No
Offer Compensation
Property Info
County: Horry
Current Use: Retail
View: No
Number of Units Total: 8
Senior Community: No
Stipulation of Sale: None
Habitable Residence: ,No,
Property Attached: No
Rent Control: No
Number of Buildings: 1
Room Info
Basement: ,No,
Sold Info
Sold Date: 2016-05-19T00:00:00
Sqft Info
Tax Info
Tax Legal Description: LT C4
Unit Info
Utilities / Hvac
Electric On Property: No
Cooling: No
Heating: No
Waterfront / Water
Waterfront: No
Courtesy of Carolina Real Estate Services - pkennedy@carolinarealestateservices.com