For Sale
$779,900
211 Prather Park Dr Myrtle Beach, SC 29588
High-yield, fully leased office complex.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- Fully leased, three-unit office building totaling 3,600 square feet on a 0.43-acre lot in Myrtle Beach, SC.
- 100% occupancy with three tenants on three-year leases starting August 20, 2024, offering a 9.10% cap rate and $71,000 NOI.
- Features include a shared lobby, 14 offices, three kitchens, three bathrooms, ample storage, sprinkler system, security cameras, and alarm system.
- Prime location with easy highway access (544, 707, 31) and benefits from the upcoming Forestbrook Road widening project; 15 parking spaces.
- Single-story building, commercially zoned, represents a value-add opportunity in a rapidly growing area experiencing a population and housing boom.
Property Details for 211 Prather Park Dr
- Property type
- Office properties
- Square Feet
- 3,600 SF
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 18,731 SF
- Units
- 3
Location Insight
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Latitude
- 33.691683
- Longitude
- -79.005985
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-yield, fully leased office complex.
- Where is the office property located?
- The property is located at 211 Prather Park Dr Myrtle Beach, SC.
- What is the asking price?
- The asking price for this property is $779,900.
- What are key features of this property?
- This property features: Fully leased, three-unit office building totaling 3,600 square feet on a 0.43-acre lot in Myrtle Beach, SC.; 100% occupancy with three tenants on three-year leases starting August 20, 2024, offering a 9.10% cap rate and $71,000 NOI.; Features include a shared lobby, 14 offices, three kitchens, three bathrooms, ample storage, sprinkler system, security cameras, and alarm system.
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