550 Highway 17North Myrtle Beach, SC 29582

  • Retail properties
  • 202,881 SF
For Lease
$20/SF/YR View listing

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
550 Highway 17, North Myrtle Beach, South Carolina

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

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
$277,914
$368,175
$843,831
$1,212,006
-
$14,567,300
$21,898,900
$36,466,200

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