6009 Kings HwyMyrtle Beach, SC 29577

  • Office properties
  • 3,109 SF
For Sale
$950,000 View listing

Property Details for 6009 Kings Hwy

Year built
1971
Construction
CONCRETE
Lot size
0.39 AC
Property size (Sq ft)
3,109 SF
Zone code
AC2
Property type
Office properties
Property subtype
Office buildings
APN
421-11-01-0025
APU
42111010025

Description

This exceptional executive office building, located at 6009 N Kings Hwy in Myrtle Beach, South Carolina, presents a compelling investment opportunity. Boasting 3,109 square feet on a 0.39-acre corner lot, this single-story, 1971-constructed building is in excellent condition following recent renovations. Its prime location at the intersection of N. Kings Hwy and 61st Ave. N. offers high visibility and convenient access. The well-designed interior includes a welcoming lobby, a spacious conference room ideal for client meetings or internal collaborations, three bathrooms for employee convenience, and two storage areas for efficient organization. A fully equipped kitchen/break area provides a comfortable space for staff. Multiple private offices cater to individual needs and enhance productivity. A dedicated mechanical room ensures smooth building operations. Ample parking is available on the property, addressing the parking needs of both employees and clients. Currently occupied by an engineering firm interested in extending their lease, this property offers immediate income potential and long-term stability. The asking price is $950,000. This is a rare opportunity to acquire a well-maintained, high-quality office building in a desirable Myrtle Beach location. The property's features and location make it an attractive investment for both individual and corporate buyers. The zip code is 29577, and the property is situated in Horry County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $546,118
    6.5%
    $504,109
    7%
    $468,101
  • Comparable approach

    Method
    Valuation
    Relative Method
    $326,407
    Geo Method
    $713,640
  • Alternative Use

    Use
    Valuation
    Residential
    $625,095
    Hospitality
    $572,584
    Educational
    $476,383
    Medical
    $492,767
    Retail
    $741,040
6009 Kings Hwy, Myrtle Beach, South Carolina

Location Insight

City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.7354
Longitude
-78.8331
CBSA code
34820
CBSA name
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$17,389
$13,330
$30,719
-
$336,000
$316,700
$652,700

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