$292,500

516-518 Broadway St.

Myrtle Beach SC, 29577

Description

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.

Details

MLS#1920731
StyleIndustrial
Sub-TypeResale
StatusPending - Show
Days On Site52

Features

Story(s)1
Units2
ZoningC-7

Market Activity 29577

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Area Information

StateSC
CountyHorry
CityMyrtle Beach
Zip Code29577
Area16G Myrtle Beach Area--Southern
Listing VS Median (in 29577)
Price:
$292,500
low | high
Med:
$170,000
91.880341880342% of Average
On Site:
52
low | high
Med:
30
100% of Average
Listing Updated: 11/16/2019
MLS Number: 1920731
Listing Provided By:
Brad Davis  of  Tradd Commercial LLC