3583 Highway 17Murrells Inlet, SC 29576

Property Details for 3583 Highway 17

Year built

2013

Construction

WOOD

Lot size

1.30 AC

Property size (Sq ft)

5,067 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

41-0104-043-02-00

APU

4101040430200

Description

This exceptional Class A medical office building, situated on a 1.3-acre corner lot at 3583 Highway 17 in Murrells Inlet, South Carolina, presents a compelling investment opportunity. The 5,067 square foot, single-story building, constructed in 2013, boasts a prominent 270-foot frontage on Highway 17, ensuring high visibility and accessibility. Currently operating as a fully functional medical facility, the property features a spacious lobby, multiple large exam rooms, a lab, X-ray facilities, ample restrooms, a staff kitchen/rest area, and substantial storage. Additional amenities include a large, raised digital sign, paved parking lot, and a covered entrance. The property is zoned commercial and located in a thriving area near Myrtle Beach, surrounded by residential communities, commercial businesses, and hospitality establishments. A leaseback option is available for the buyer, providing a potential income stream. The building is in Flood Zone X. From 2018-2023, a portion of the clinic was leased for $9,000 per month, demonstrating strong rental potential estimated at approximately $20,000 per month NNN. Detailed lease information will be provided to qualified buyers under a Non-Disclosure Agreement. The asking price is $1,975,000, representing a compelling cap rate of 8.60% and a price per square foot of $644.44. Square footage is approximate

• CAP approach

  CAP return

  Valuation

  6%

  $890,093

  6.5%

  $821,624

  7%

  $762,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $531,958

  Geo Method

  $858,046

• Alternative Use

  Use

  Valuation

  Residential

  $1,018,814

  Hospitality

  $933,228

  Educational

  $776,435

  Medical

  $803,137

  Retail

  $1,207,787

Location Insight

City

Murrells Inlet

County

Georgetown

State

South Carolina

Latitude

33.5699

Longitude

-79.0313

CBSA code

23860

CBSA name

GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].