Myrtle Beach, SC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Myrtle Beach, South Carolina Market population: 28K. Explore income-producing properties with verified cap rates...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Myrtle Beach SC Properties: 0.5700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Myrtle Beach SC
Common questions from investors exploring commercial real estate in Myrtle Beach SC.
What is the overall investment potential of Myrtle Beach, SC, considering its demographic and economic factors?
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Myrtle Beach, SC, with a population of 27,884 and a median age of 38.6, presents a unique investment opportunity. The city's median household income of $36,293, combined with a poverty rate of 21.5%, suggests a working-class market with potential for growth. Additionally, the top industries, including Wholesale Trade, Manufacturing, and Finance & Insurance, indicate a diverse economy, while the 77.8% health insurance coverage rate and 16.9-minute average commute time suggest a relatively stable quality of life for residents.
How does the ethnic diversity and industry landscape of Myrtle Beach impact its real estate market?
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The ethnic diversity of Myrtle Beach, with top ethnicities including White (41.5%), White Non-Hispanic (37.5%), and Black (8.1%), contributes to a vibrant cultural scene, which can attract a wide range of residents and businesses. The city's top industries, including Wholesale Trade, Manufacturing, and Finance & Insurance, drive employment and economic growth, supporting a median property value of $167,100 and a homeownership rate of 55.2%.
What are the key factors influencing the rental market in Myrtle Beach, and how do they impact investment decisions?
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The rental market in Myrtle Beach is influenced by factors such as the poverty rate of 21.5%, health insurance coverage of 77.8%, and average commute time of 16.9 minutes. These factors suggest a relatively stable tenant base, with access to employment opportunities and healthcare. Additionally, the city's top commute methods, including driving alone, working from home, and carpooling, indicate a range of transportation options, making it an attractive location for renters.
How does the income inequality and poverty rate in Myrtle Beach affect the quality of life and investment potential?
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The income inequality, as measured by the GINI coefficient of 0.545, and poverty rate of 21.5% in Myrtle Beach, indicate a need for affordable housing options. However, the city's median household income of $36,293 and employed population of 13,290 suggest a working-class market with potential for growth. The relatively high health insurance coverage rate of 77.8% and short average commute time of 16.9 minutes also contribute to a stable quality of life, making it an attractive location for investors and residents alike.
What role do the top industries and commute methods play in shaping the real estate market and investment opportunities in Myrtle Beach?
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The top industries in Myrtle Beach, including Wholesale Trade, Manufacturing, and Finance & Insurance, drive employment and economic growth, supporting the local real estate market. The commute methods, such as driving alone, working from home, and carpooling, indicate a range of transportation options, making it an attractive location for businesses and residents. The combination of these factors, along with the city's median property value of $167,100 and median property taxes of $6,070, create a unique investment opportunity in Myrtle Beach.
Myrtle Beach SC Real Estate & City Facts
Key facts and real estate information about Myrtle Beach SC.
What are some of the best neighborhoods to live in Myrtle Beach?
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Some of the best neighborhoods to live in Myrtle Beach include Forestbrook, Socastee, Carolina Forest, and Little River. These areas offer a range of housing options, from established communities to new developments, and are close to amenities like schools, shopping, and entertainment.
What are some fun things to do in Myrtle Beach?
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Myrtle Beach has a wide range of activities and attractions, including the Hollywood Wax Museum, Funplex, Alligator Adventure, Brookgreen Gardens, and Ripley's Aquarium. You can also visit the Myrtle Beach Boardwalk, go to a Myrtle Beach Pelicans game, or explore the many amusement parks and water parks in the area.
What is the food scene like in Myrtle Beach?
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The food scene in Myrtle Beach is diverse and vibrant, with over 2,000 restaurants to choose from. You can find everything from fresh seafood to chef-driven cuisine, and from classic American diners to international restaurants serving cuisine from around the world. Some popular restaurants include Croissants Bistro & Bakery, Wicked Tuna, The Chemist, and Art Burger Sushi Bar.
What are the pros and cons of living in Myrtle Beach?
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The pros of living in Myrtle Beach include its beautiful beaches, warm climate, and wide range of activities and attractions. However, the cons include the area's high poverty rate, income inequality, and limited job opportunities in certain industries. Additionally, the city can be crowded and traffic-heavy during peak tourist season, and some areas are prone to flooding and hurricane damage.
Is Myrtle Beach a good place to live?
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Whether or not Myrtle Beach is a good place to live depends on your individual preferences and priorities. If you value a relaxed, beach-focused lifestyle and are willing to tolerate the crowds and traffic of a tourist town, Myrtle Beach may be a great fit. However, if you're looking for a more urban or suburban lifestyle with a stronger job market and more cultural amenities, you may want to consider other options. Ultimately, it's essential to weigh the pros and cons and visit the area in person to get a sense of whether Myrtle Beach is the right place for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Myrtle Beach SC Commercial Property: $36,293
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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