550 Highway 17North Myrtle Beach, SC 29582
- Retail properties
- 202,881 SF
Property Details for 550 Highway 17
- Year built
- 2004
- Construction
- CONCRETE
- Lot size
- 21.12 AC
- Property size (Sq ft)
- 202,881 SF
- Zone code
- HC
- Property type
- Retail properties
- Property subtype
- Community centers
- APN
- 356-00-00-0003
- APU
- 35600000003
Description
Gator Hole Plaza, a prominent 442,199 square foot power center in North Myrtle Beach, South Carolina, offers exceptional retail and office space for lease. Located at 550 Hwy 17 N, this Class B, single-story building boasts 30 suites and sits on 18.18 acres within a Planned Development District (APN: 3560000003, Horry County). Currently, 120,000 square feet is available, with a minimum divisible space of 442,199 square feet. Built in 2004, the property benefits from a high-traffic location at a four-way signalized intersection on Highway 17, experiencing an average daily traffic count of 35,000 vehicles. The plaza is anchored by Walmart and includes other major retailers such as Home Depot, CATO, Dollar Tree, and Petco, ensuring high visibility and foot traffic. Available spaces are move-in ready and feature modern architectural design, ample parking, rear access, glass front windows, and restrooms. This prime location within the heart of the Grand Strand retail shopping corridor presents a unique opportunity for businesses seeking high-impact exposure in a thriving market. The zip code is 29582.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $52,383,960
- 6.5%
- $48,354,424
- 7%
- $44,900,540
-
Comparable approach
- Method
- Valuation
- Relative Method
- $53,678,032
- Geo Method
- $117,354,648
-
Alternative Use
- Use
- Valuation
- Residential
- $40,788,768
- Hospitality
- $37,362,292
- Educational
- $31,084,988
- Medical
- $32,154,048
- Retail
- $48,354,424
Location Insight
- City
- North Myrtle Beach
- County
- Horry
- State
- South Carolina
- Latitude
- 33.8301
- Longitude
- -78.6715
- 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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