2408 Madison DrNorth Myrtle Beach, SC 29582
- Office properties
- 3,224 SF
Property Details for 2408 Madison Dr
- Year built
- 1996
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.18 AC
- Property size (Sq ft)
- 3,224 SF
- Zone code
- HC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 357-16-02-0056
- APU
- 35716020056
Description
This exceptional commercial property in North Myrtle Beach, South Carolina, offers a unique blend of office space and land. Located at 2408 Madison Dr., 29582, this 3,200 square foot building sits on a 0.18-acre lot and is zoned HC. The property features three suites, with 800 square feet currently vacant, presenting an immediate opportunity for expansion or new tenancy. Two of the existing suites are located on the second floor and boast two large offices, a waiting area, and a half bath. Utilities are included in the rent, covering electricity, water/sewer, and trash removal. Excellent visibility is ensured with signage opportunities both on the road sign and the suite door. This property enjoys a highly desirable location, just five blocks from the beach and one block from Highway 17, offering unparalleled convenience and accessibility. The square footage is approximate and should be independently verified. This is an ideal investment for businesses seeking a well-maintained, conveniently located office space in a thriving coastal community. The property's multiple suite configuration allows for flexibility in tenant occupancy, making it suitable for a variety of business types. Don't miss this chance to secure a prime commercial property in a high-demand area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $566,293
- 6.5%
- $522,732
- 7%
- $485,394
-
Comparable approach
- Method
- Valuation
- Relative Method
- $338,490
- Geo Method
- $740,037
-
Alternative Use
- Use
- Valuation
- Residential
- $648,188
- Hospitality
- $593,736
- Educational
- $493,982
- Medical
- $510,971
- Retail
- $768,416
Location Insight
- City
- North Myrtle Beach
- County
- Horry
- State
- South Carolina
- Latitude
- 33.8078
- Longitude
- -78.7126
- 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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