505 Division StArlington, TX 76011

Property Details for 505 Division St

Year built

1940

Lot size

1.33 AC

Property size (Sq ft)

12,518 SF

Property type

Motels

APN

42300--------10R--20

APU

4230010R20

Description

This exceptional 2,400 square foot office and warehouse building presents a fantastic opportunity for businesses seeking a high-visibility location in Murrells Inlet. Situated on a 0.89-acre lot along the Highway 17 bypass, this property boasts excellent visibility and accessibility. The building, constructed in 1995, is a two-story structure with a single tenancy. The ground floor encompasses 1,600 square feet, featuring three 8' x 12' private offices, a spacious conference room, a well-equipped kitchen area, a restroom, and a dedicated reception area. Adding to its versatility, the first floor also includes 400 square feet of warehouse space complete with a large roll-up door, ideal for storage or light industrial use. The second floor offers an additional 600 square feet, including a private office and a full bathroom with a shower. The property includes eight parking spaces for employees and clients. The building is zoned HC and is located in Horry County. This is a rare opportunity to secure a well-maintained, versatile commercial space in a prime location. The building's layout and features make it suitable for a variety of businesses. Don't miss out on this chance to establish your business in a thriving area with high traffic volume.

• CAP approach

  CAP return

  Valuation

  6%

  $2,722,771

  6.5%

  $2,513,327

  7%

  $2,333,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,764,386

  Geo Method

  $8,807,245

• Alternative Use

  Use

  Valuation

  Residential

  $2,743,823

  Hospitality

  $2,513,327

  Educational

  $2,091,058

  Medical

  $2,162,973

  Retail

  $3,252,758

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7394

Longitude

-97.1023

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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