1529 Mulberry StLittle River, SC 29566

Property Details for 1529 Mulberry St

Year built

1987

Lot size

0.27 AC

Property size (Sq ft)

2,312 SF

Zone code

HC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

312-05-02-0021

APU

31205020021

Description

This exceptional 1,000 square foot medical office building is available for lease in the thriving Little River area of Horry County, South Carolina. Situated on a 0.27-acre lot, this single-tenant property offers a complete and efficient layout ideal for medical practices. The interior features a welcoming reception area and waiting room, three exam rooms (two with sinks, one without), a private office, a convenient kitchenette/nurse's station, a small shielded x-ray room, and a fully compliant ADA restroom. The building's location is highly advantageous, placing it within easy reach of numerous restaurants and retail establishments, as well as a substantial residential population. Little River itself is experiencing significant growth, with a permanent population exceeding 51,810 within a five-mile radius, further bolstered by several large-scale residential developments currently underway. Access is convenient, with clear directions from Highway 17. Turn left onto Palmetto Drive (between Jay's and Cooper's Tavern); Palmetto Drive ends at Mulberry Street, where the property is located, near The Brentwood restaurant. Note that square footage is approximate and should be independently verified by the prospective tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $406,092

  6.5%

  $374,855

  7%

  $348,079

• Comparable approach

  Method

  Valuation

  Relative Method

  $242,742

  Geo Method

  $530,696

• Alternative Use

  Use

  Valuation

  Residential

  $464,820

  Hospitality

  $425,772

  Educational

  $354,238

  Medical

  $366,420

  Retail

  $551,036

Location Insight

City

Little River

County

Horry

State

South Carolina

Latitude

33.8763

Longitude

-78.6174

CBSA code

34820

CBSA name

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

Property Tax & Assessments

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