121 Gateway RdMyrtle Beach, SC 29579

Property Details for 121 Gateway Rd

Year built

2007

Construction

CONCRETE

Lot size

1.60 AC

Property size (Sq ft)

13,000 SF

Property type

Retail properties

Property subtype

Strip malls

APN

399-12-01-0099

APU

39912010099

Description

Grand Plaza offers 13,500 square feet of Class B retail space in a single, one-story building constructed in 2007. Located in the rapidly growing Carolina Forest area of Horry County, this property enjoys high visibility and accessibility due to its location just off Carolina Forest Boulevard, adjacent to Carolina Forest Elementary School, and with convenient access to Highway 501 and Interstate 31. The center features a total of seven suites, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 3,000 square feet. Currently, there is at least one suite available. Ample parking is provided with 45 spaces available for tenants and customers. This property presents a unique opportunity for businesses seeking to capitalize on the expanding population and strong residential base of the Carolina Forest area. The property's strategic location ensures high traffic volume and excellent exposure to potential customers. The building's layout is designed to accommodate a variety of retail uses, making it an ideal location for businesses of all sizes. Invest in a thriving community with this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,706,319

  6.5%

  $3,421,217

  7%

  $3,176,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,184,084

  Geo Method

  $7,519,730

• Alternative Use

  Use

  Valuation

  Residential

  $2,885,925

  Hospitality

  $2,643,492

  Educational

  $2,199,354

  Medical

  $2,274,993

  Retail

  $3,421,217

Location Insight

City

Myrtle Beach

County

Horry

State

South Carolina

Latitude

33.7638

Longitude

-78.9566

CBSA code

34820

CBSA name

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

Property Tax & Assessments

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