4953 Socastee BlvdMyrtle Beach, SC 29588

Property Details for 4953 Socastee Blvd

Lot size

1.67 AC

Property size (Sq ft)

23,500 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

Socastee Plaza, a prime retail investment opportunity in Myrtle Beach, South Carolina, is now available for purchase at $3,699,999. This stabilized, 100% occupied shopping center boasts 23,500 square feet of leasable space across 15 units within a single building situated on a 1.67-acre lot. The property features a desirable net lease structure and generates a strong net operating income (NOI) of $273,662, representing a 7.40% cap rate. The price per square foot is $157.45. Located at 4953 Socastee Blvd, in Horry County (zip code 29588), this commercial property enjoys high visibility with over 330 feet of frontage on Hwy 707, experiencing an average daily traffic count of 22,200 vehicles. Its strategic location directly across from Socastee High School further enhances its appeal. The property includes a 4,500 square foot warehouse attached to the main 19,000 square foot heated retail space. This presents a compelling opportunity for investors seeking a stable, high-performing asset in a thriving retail corridor, or for developers interested in capitalizing on the property's redevelopment potential. The property's APN is 44011010003 and is zoned for commercial use.

Location Insight

City

Myrtle Beach

County

Horry

State

South Carolina

Latitude

33.6826

Longitude

-78.9975

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