834 Farrar DrConway, SC 29526

Property Details for 834 Farrar Dr

Year built

1999

Construction

CONCRETE

Lot size

0.58 AC

Property size (Sq ft)

4,056 SF

Zone code

R-4

Property type

Healthcare properties

Property subtype

Medical offices

APN

401-04-04-0002

APU

40104040002

Description

This exceptional 5,105-square-foot medical office building is situated at 834 Farrar Drive in Conway, South Carolina, within the thriving Rivertown Medical Park. Built in 1999, this two-story property boasts an efficient floor plan designed to accommodate a group practice. The building features a convenient covered drop-off area for patient accessibility. The 0.6-acre lot is zoned OPI in Horry County (APN: 40104040002) and offers a single-tenant occupancy. Its strategic location benefits from proximity to Conway Medical Center, Coastal Carolina University, and Horry Georgetown Technical College, capitalizing on the growing populations of Conway and Carolina Forest. The surrounding Rivertown Medical Park is home to a cluster of established medical practices, including Fresenius Kidney Care, Coastal Kidney Center, Coastal Cancer Center, SC Pain & Spine Specialists, and Conway Medical Center offices, creating a strong medical ecosystem. This property presents a unique opportunity for medical professionals seeking a well-located, established space within a thriving medical community. The building's size and amenities make it an ideal location for a variety of medical practices. The property's zip code is 29526.

• CAP approach

  CAP return

  Valuation

  6%

  $840,460

  6.5%

  $775,809

  7%

  $720,394

• Comparable approach

  Method

  Valuation

  Relative Method

  $362,604

  Geo Method

  $931,014

• Alternative Use

  Use

  Valuation

  Residential

  $962,003

  Hospitality

  $881,190

  Educational

  $733,139

  Medical

  $758,353

  Retail

  $1,140,439

Location Insight

City

Conway

County

Horry

State

South Carolina

Latitude

33.7754

Longitude

-79.0198

CBSA code

34820

CBSA name

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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