2408 Madison DrNorth Myrtle Beach, SC 29582

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 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.

• 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

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