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533 Broadway St 2,357 SF Retail Building Myrtle Beach, SC 29577 $495,000 ($210.01/SF) 4.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Arts and Renovation Area in Downtown Myrtle Beach
- High Traffic Area
- Walking Distance from Myrtle Beach
- Prime location situated just off Broadway St and 6th Ave.
EXECUTIVE SUMMARY
REDUCED !! This is a Great Opportunity to own a Commercial building in the heart of Myrtle Beach. Building Only, Tenant in Place. Located in Historical Broadway Street District and in the future Kings Highway Corridor, NEW Arts & Innovation District. 2500 Heated sq ft with a Roll up door in the rear. Call me for more information 843-267-3712 or Email at Tccc4@msn.com
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,357 SF
Building Class
C
Year Built
1958
Price
$495,000
Price Per SF
$210.01
Cap Rate
4.55%
NOI
$22,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C7 - Hotel Sect; Lt 2 Bl 52
Frontage
61’ on Broadway St
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 44304030099 | Improvements Assessment | $8,475 |
| Land Assessment | $3,150 | Total Assessment | $11,625 |
PROPERTY TAXES
Parcel Number
44304030099
Land Assessment
$3,150
Improvements Assessment
$8,475
Total Assessment
$11,625
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Beachfront Properties
533 Broadway St
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