1551 21St AveMyrtle Beach, SC 29577

Property Details for 1551 21St Ave

Year built

1988

Property size (Sq ft)

1,008 SF

Zone code

AC1

Property type

Office properties

APN

425-05-02-0015

APU

42505020015

Description

This exceptional investment opportunity presents two executive office suites totaling 2,500 square feet, ideally situated in the heart of Myrtle Beach, South Carolina. Located at 1551 21st Ave. N, Units 15 & 16, this property boasts a prime location directly across from Broadway at the Beach, ensuring high visibility and accessibility. The 1.43-acre lot provides ample space, while the two-story building offers a well-designed layout. The interior features a welcoming reception area, a convenient kitchen, two bathrooms, nine individual offices, and a spacious conference room, perfect for accommodating a variety of business needs. This property benefits from its proximity to a diverse range of amenities, including medical facilities, professional services, retail establishments, and high-density residential areas, ensuring a robust client base and a thriving business environment. The asking price for this turnkey executive office space is $395,000. Potential buyers are responsible for conducting their own due diligence and verifying all property details. This is a rare opportunity to acquire a well-established and highly visible commercial property in a rapidly growing area of Myrtle Beach. The property's strategic location and functional design make it an ideal investment for businesses seeking a prominent presence in a bustling commercial district. Don't miss this chance to own a piece of Myrtle Beach's thriving business landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $177,093

  6.5%

  $163,470

  7%

  $151,794

• Comparable approach

  Method

  Valuation

  Relative Method

  $105,816

  Geo Method

  $231,376

• Alternative Use

  Use

  Valuation

  Residential

  $202,703

  Hospitality

  $185,675

  Educational

  $154,479

  Medical

  $159,792

  Retail

  $240,301

Location Insight

City

Myrtle Beach

County

Horry

State

South Carolina

Latitude

33.714

Longitude

-78.8885

CBSA code

34820

CBSA name

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

Property Tax & Assessments

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