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900 Us-501 Hwy

5,922 SF 22% Leased Retail Building Myrtle Beach, SC 29577 £944,062 (£159/SF)

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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 already has a long term Lease in place and 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.

Professional Flyer-900 Hwy 501

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,922 SF

Building Class

Year Built

1954

Price

£944,062

Price Per SF

£159

Percent Leased

22%

Tenancy

Multiple

Number of Floors

Building FAR

0.30

Land Acres

0.46 AC

Opportunity Zone

Yes

Zoning

UZ - Unzoned

Parking

20 Spaces (3.38 Spaces per 1,000 SF Leased)

Frontage

96 ft on Alder St

Space Availability

1st Floor
4,600 SF
Retail
-
Now

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900 Us-501 Hwy, Myrtle Beach, SC for sale Building Photo- Image 1 of 6 — Building Photo

900 Us-501 Hwy, Myrtle Beach, SC for sale Interior Photo- Image 2 of 6 — Interior Photo

900 Us-501 Hwy, Myrtle Beach, SC for sale Interior Photo- Image 3 of 6 — Interior Photo

900 Us-501 Hwy, Myrtle Beach, SC for sale Building Photo- Image 4 of 6 — Building Photo

900 Us-501 Hwy, Myrtle Beach, SC for sale Building Photo- Image 5 of 6 — Building Photo

900 Us-501 Hwy, Myrtle Beach, SC for sale Interior Photo- Image 6 of 6 — Interior Photo

Excellent opportunity in a prime location for retail owner/user. 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. Entire property is also listed for sale.

Space	Size	Space Use	Position	Available
1st Floor	4,600 SF	Retail	-	Now

Size

4,600 SF

Space Use

Retail

Position

Available

Now

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Walk Score ®

Very Walkable (79)

Bike Score ®

Very Bikeable (73)

What is a Walk Score®, Transit Score® & Bike Score®?

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Transit Score® measures access to public transit.

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PROPERTY TAXES

Parcel Numbers	Multiple 44304020040 44304020038 44304020039 44304020041	Improvements Assessment	£9,087
Land Assessment	£3,271	Total Assessment	£12,357

PROPERTY TAXES

Parcel Numbers

Multiple

44304020040
44304020038
44304020039
44304020041

Land Assessment

£3,271

Improvements Assessment

£9,087

Total Assessment

£12,357

Brent Edgerton
Greg Edgerton
KW Commercial

(864) 979-0335

Listing ID: 32744097
Date on Market: 09/08/2024
Last Updated:
Address: 900 Us-501 Hwy, Myrtle Beach, SC 29577

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