2408 Madison DrNorth Myrtle Beach, SC 29582

  • Office properties
  • 3,224 SF
For Lease
$12/SF/YR View listing

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
2408 Madison Dr, North Myrtle Beach, South Carolina

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

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
$4,160
$6,456
$11,688
$18,144
-
$109,140
$236,100
$345,240

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