Myrtle Beach Real Estate For Sale
Myrtle Beach, SC 29577
- C-7Zoning
- N/ASqFt
- 2Units
- N/ASale/Rent
- N/AWet Lands
- 0.12Acres
- MLS# 1920731
- Commercial
- Sold
- Approx Time on Market4 months, 28 days
- AreaMyrtle Beach Area--Southern Limit To 10th Ave N
- CountyHorry
- SubdivisionN/A
Overview
516-518 Broadway Street is a 4,250+- sq ft retail/office/warehouse building in the heart of downtown Myrtle Beach only 1/10th of a mile from Main Street (Hwy 501). The property is subdivided into two units. Showcards Signs occupies 1,050+- sq ft for the past 16 years and the remaining 3,200+- sq ft is vacant, previously used for personal use by the owner. This unit was just updated with a brand new heat pump and air handler. The building also includes a 630+- sq ft warehouse space with a 12' X 7.5' roll up door. Concrete block and steel beam construction allows a 2nd story to be added. The property lies just outside of the newly announced Downtown Arts & Innovation District. As proposed, the Arts and Innovation District will include new city offices, a new library, a new museum or two, a performing arts center, a co-work space for entrepreneurs and a new city square for events and activities. Further the property also lies within Census Tract 507 of the downtown Myrtle Beach opportunity zone which will provide federal tax incentives to the new owner. This area is also on the nomination list for the National Register of Historic Places. Which would provide for state and city tax credits as well as a 10 year city tax abatement and facade grants. Don't miss this opportunity to invest and be on the front end of all the new development downtown Myrtle Beach will offer. Listing agent is a relative of the owner who is also a licensed SC Real Estate agent.
Sale Info
Listing Date: 06-17-2019
Sold Date: 11-15-2019
Aprox Days on Market: 
4 month(s), 28 day(s)
Listing Sold: 
4 Year(s), 5 month(s), 23 day(s) ago
Asking Price: $292,500
Selling Price: $280,000
Price Difference:
Reduced By $12,500
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
Bathroom Info
Building Info
New Construction: No
Num Stories: 1
Levels: One
Year Built: 1950
Mobile Home Remains: ,No,
Zoning: C-7
Buyer Compensation
Exterior Features
Spa: No
Financial
Lease Renewal Option: ,No,
Garage / Parking
Garage: No
Carport: No
Open Parking: No
Attached Garage: No
Interior Features
Fireplace: No
Furnished: Unfurnished
Lot Info
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 0.12
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 Attached: No
Rent Control: No
Number of Buildings: 1
Room Info
Basement: ,No,
Sold Info
Sold Date: 2019-11-15T00:00:00
Sqft Info
Building Sqft: 4250
Tax Info
Tax Legal Description: HOTELSECT LTS 16-17 Blk46
Unit Info
Utilities / Hvac
Electric On Property: No
Cooling: No
Heating: No
Waterfront / Water
Waterfront: No
Directions
From the intersection of Main Street (Hwy 501) and Broadway Street travel SW on Broadway approximately 700' to property on your left.Courtesy of Tradd Commercial, Llc