North Myrtle Beach Real Estate Commercial for sale

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801 12th Ave. S North Myrtle Beach, SC 29582

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$799,999 | N/A beds | N/A full baths | N/A half baths | 3,440 sqft

$799,999 No Recent Price Change

801 12th Ave. S
North Myrtle Beach, SC 29582

CommercialZoning
3,440SqFt
2Units
N/ASale/Rent
N/AWet Lands
0.31Acres

MLS# 2404077
Commercial
Office
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Approx Time on Market2 months, 12 days
AreaNorth Myrtle Beach Area--Crescent Beach
CountyHorry
SubdivisionN/A

Overview

Dont miss this rare investment opportunity to own a 3,440 ft.; office building for sale in the highly sought after North Myrtle Beach area offered at a potential 8% CAP rate based on rental increases and passthrough expenses. This two-tenant office building is fully leased with 3% rental escalations per year on Suite B. Suite A is a value-add short term lease that can be converted to a long-term lease or terminated for a potential owner/ user. The building was finished in 2017 with hurricane impact windows, is completely updated with modern finishes and has been meticulously maintained. Suite A consists of 1,920 rentable SF open floor plan with kitchen, restrooms, and storage; Suite B is a 1,520 rentable SF office that offers an ideal floorplan with a reception area, boardroom, 4 offices, large storage area, kitchenette/breakroom and restroom complete with a walk-in shower as well as a washer/dryer hookup. Each suite is individually metered with its own HVAC unit. The building is located on a 0.31-acre corner lot with close proximity to HWY 17, featuring 12 parking spaces. Don't miss your opportunity to own this rare investment property with convenient access to all major thoroughfares. This property is a must see! Highlights : 8% POTENTIAL CAP RATE 3% RENTAL ESCALATIONS PER YEAR NNN LEASE; LOW OPERATING EXPENSES 3,440 TOTAL SF; OFFICE A 1,920 RSF; OFFICE B 1,520 RSF VALUE-ADD, SUITE A UNDER MARKET RENT/ PASSTHROUGH EXPENSES PRIME LOCATION OFF OF HWY 17 IN NORTH MYRTLE BEACH

Agriculture / Farm

Grazing Permits Blm: ,No,

Horse: No

Grazing Permits Forest Service: ,No,

Grazing Permits Private: ,No,

Irrigation Water Rights: ,No,

Farm Credit Service Incl: ,No,

Crops Included: ,No,

Association Fees / Info

Hoa: No

Assoc Amenities: Storage

Bathroom Info

Building Info

New Construction: No

Num Stories: 1

Levels: One

Mobile Home Remains: ,No,

Zoning: Commercial

Building Features: HandicapAccess, KitchenFacilities, Office, PrivateRestrooms, ReceptionArea

Construction Materials: VinylSiding, WoodFrame

Buyer Compensation

Exterior Features

Spa: No

Financial

Lease Renewal Option: ,No,

Garage / Parking

Parking Capacity: 12

Garage: No

Carport: No

Open Parking: No

Attached Garage: No

Interior Features

Fireplace: No

Interior Features: Storage

Lot Info

Lease Considered: ,No,

Lease Assignable: ,No,

Acres: 0.31

Land Lease: No

Misc

Pool Private: No

Offer Compensation

Property Info

County: Horry

Current Use: Office

View: No

Number of Units Total: 2

Senior Community: No

Stipulation of Sale: None

Habitable Residence: ,No,

Property Sub Type Additional: Office

Property Attached: No

Security Features: SecuritySystem, Firewalls

Rent Control: No

Number of Buildings: 1

Room Info

Basement: ,No,

Sold Info

Sqft Info

Sqft: 3440

Tax Info

Tax Amount Annual: 2263

Unit Info

Utilities / Hvac

Heating: Central

Cooling: CentralAir

Electric On Property: No

Cooling: Yes

Sewer: PublicSewer

Heating: Yes

Waterfront / Water

Waterfront: No

Directions

Located just off of HWY 17 in NMB on 12th Ave S.; corner of Madison Drive.

Courtesy of Tideland Commercial

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On showmemyrtlebeach.com since Thu, Feb 15th 2024
No Property History recorded for this listing.

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