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900 Us-501 Hwy 5,922 SF 80% Leased Retail Building Myrtle Beach, SC 29577 $1,195,000 ($201.79/SF)
Investment Highlights
- Great location in Myrtle Beach at the corner Hwy. 501 and Alder street, just on block from 6th Ave N. and 2 blocks from Hwy. 17 Business (N. Kings Hwy
Executive Summary
Excellent opportunity in a prime location for retail owner/user or investor. Unit B is built-out as Office/Flex space and available for Lease. Current owner would be willing to Lease-Back Unit A to provide higher than market Cap rate. The building is a total of 5922+/- sq. ft. on .46+/- acres on the corner of Hwy 501 and Alder street in Myrtle Beach, SC. Unit A is approximately 4600+/- sq. ft. and is built out as 50% retail/showroom and 50% automotive shop. Property is only 6 blocks from the beach, has traffic counts of 13,000 vehicles per day on Hwy 501
and 1 block away from Hwy 17 with 28,000+/day.
and 1 block away from Hwy 17 with 28,000+/day.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,922 SF
Building Class
C
Year Built
1954
Price
$1,195,000
Price Per SF
$201.79
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
UZ - Unzoned
Parking
20 Spaces (3.38 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
reception, storage area, 2 restrooms.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Office | - | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,200 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
reception, storage area, 2 restrooms.
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,812 | |
| Land Assessment | $9,005 | Total Assessment | $20,817 |
Property Taxes
Parcel Numbers
Land Assessment
$9,005
Improvements Assessment
$11,812
Total Assessment
$20,817
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900 Us-501 Hwy
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