1304 Highway 17North Myrtle Beach, SC 29582

Property Details for 1304 Highway 17

Year built

1983

Lot size

0.60 AC

Property size (Sq ft)

1,536 SF

Zone code

HC

Property type

Grocery and convenience stores

APN

357-11-02-0004

APU

35711020004

Description

This exceptional 0.6-acre commercial land parcel presents a remarkable development opportunity in a thriving South Carolina retail corridor. Located at 1304 Highway 17 South in North Myrtle Beach (zip code 29582), this property boasts 185 feet of highway frontage, ensuring exceptional visibility and accessibility. The site benefits from a high daily traffic count exceeding 48,000 vehicles, guaranteeing significant exposure for any future development. A clean Phase I environmental report is available, streamlining the development process. Two existing curb cuts provide convenient access, and the property's location is surrounded by major retailers, establishing a proven track record of success. Ideal uses include restaurants, drive-thrus, retail establishments, and banks. This ready-to-develop pad site is priced at $1,200,000 and includes a $200,000 tax credit, making it a compelling investment opportunity. The previous building has been removed, allowing for immediate construction. This is a rare chance to capitalize on a prime location in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $396,599

  6.5%

  $366,092

  7%

  $339,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $406,391

  Geo Method

  $888,485

• Alternative Use

  Use

  Valuation

  Residential

  $308,812

  Hospitality

  $282,870

  Educational

  $235,345

  Medical

  $243,438

  Retail

  $366,092

Location Insight

City

North Myrtle Beach

County

Horry

State

South Carolina

Latitude

33.8161

Longitude

-78.6961

CBSA code

34820

CBSA name

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

Property Tax & Assessments

FAQs

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