100 Sutter DrMyrtle Beach, SC 29575
- Office properties
- 437 SF
Property Details for 100 Sutter Dr
- Year built
- 2007
- Property size (Sq ft)
- 437 SF
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 458-06-03-0010
- APU
- 45806030010
Description
This exceptional investment opportunity presents three professional office suites for sale, individually or as a package, within a three-story building in Surfside Beach, South Carolina. Located on Highway 17 Bypass at 100 Sutter Drive, this property boasts excellent visibility and high traffic counts, averaging 46,300 vehicles daily (SCDOT 2023). The building sits on a 1.75-acre lot with approximately 95 paved parking spaces and convenient curb cuts on Sutter Drive. The suites offer a range of sizes, from approximately 1,013 square feet to 1,495 square feet, with elevator access and shared restrooms. Suite 105 offers approximately 1,495 square feet and is priced at $217,000. Suite 302-A is approximately 1,209 square feet, priced at $97,000, and Suite 303 offers approximately 1,013 square feet for $87,000. The entire property, encompassing approximately 3,717 square feet, is offered for $401,000. The property is zoned Resort Commercial (RC) in Horry County, SC, and identified by PIN#'s 45806030011, 014, 017. This presents a unique opportunity to acquire established office space in a high-demand location with significant road frontage (approximately 100 feet) on a busy highway.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $76,768
- 6.5%
- $70,863
- 7%
- $65,801
-
Comparable approach
- Method
- Valuation
- Relative Method
- $45,877
- Geo Method
- $95,044
-
Alternative Use
- Use
- Valuation
- Residential
- $87,870
- Hospitality
- $80,488
- Educational
- $66,965
- Medical
- $69,268
- Retail
- $104,168
Location Insight
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Latitude
- 33.6306
- Longitude
- -78.9958
- CBSA code
- 34820
- CBSA name
- MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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