1009 3Rd AveMyrtle Beach, SC 29577

Property Details for 1009 3Rd Ave

Year built

1986

Construction

CONCRETE

Lot size

0.43 AC

Property size (Sq ft)

2,852 SF

Zone code

HC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

443-03-03-0052

APU

44303030052

Description

This exceptional 16-unit apartment building presents a compelling investment opportunity in Myrtle Beach, South Carolina. Situated on a sizable 0.8-acre lot at 1009 3rd Ave N, the property benefits from a highly desirable RMH & MU-M zoning designation. The existing structure offers immediate income potential, while the zoning allows for future development and expansion. Utilities are conveniently in place, simplifying operational efficiency and reducing initial setup costs. The property's location provides easy access to the vibrant attractions of Myrtle Beach, with Conway a short 35-minute drive away. Further afield, Charleston and Florence are within a two-hour radius, and Columbia is approximately three hours away. The property's APN is 44303020075, and it is currently owned by Zheng. This turnkey investment offers a blend of immediate returns and significant long-term growth potential in a thriving South Carolina coastal market. The property's address is 1009 3rd Ave N, Myrtle Beach, SC 29577. This is a rare opportunity to acquire a well-positioned multifamily asset in a high-demand area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $736,449

  6.5%

  $679,799

  7%

  $631,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $754,540

  Geo Method

  $1,649,713

• Alternative Use

  Use

  Valuation

  Residential

  $573,436

  Hospitality

  $525,264

  Educational

  $437,013

  Medical

  $452,043

  Retail

  $679,799

Location Insight

City

Myrtle Beach

County

Horry

State

South Carolina

Latitude

33.6908

Longitude

-78.8965

CBSA code

34820

CBSA name

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

Property Tax & Assessments

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