Commercial Investment Property Available in Myrtle Beach, SC – Northgate Centre

Commercial Investment Property Available in Myrtle Beach, SC – Northgate Centre
Listing ID: MLS #1503093
Lot Size: .98 acre(s)
February 9, 2015

SOLD!

This investment property is HC and +15,300 sq. ft retail/office plaza on .98 acre. This property is south of the newly built back-gate overpass . The property features a lined parking lot with 52 parking spaces and a tenant marquee sign. The building is currently divided up into eight office/retail spaces. Currently, 7 of the 8 spaces are occupied. Current tenants include a call center, beauty salon, concrete company office, wedding event planner, children’s retail clothing store, light and photography, and beauty salon. Cap Rate is 7.5% (Pro-Forma 2015). At full occupancy this building would have a 10.3% Cap Rate. Asking Price – $719,000

Call Paige, BIC for more details (843) 318-1488.

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