11019 Ocean Hwy - Office FOR SALE


Pawleys Island, SC 29585
$2,300,000 USD
404-661-2137
11019 Ocean Hwy, Pawleys Island, SC for Sale
$2,300,000 USD
Office - FOR SALE
1/6
null | 6% Cap Rate

11019 Ocean Hwy
Pawleys Island, SC 29585


HIGHLIGHTS

  • 100% Occupied | Class B Office Building| ±9,137SF
  • Two stable tenants with identical leases through 2025 with two five-year renewal options
  • Highly sought-after affluent area on Pawley's Island with high barrier to entry
  • Highly visible road signage | 33K VPD | Average HH income $107,000

OVERVIEW

TOA Comemrcial is pleased to present this 100% occupied Class B office investment opportunity on Pawley's Island, SC. The building consists of two floors totaling ± 9,137 SF with two strong tenants. This modern office is situated 70 miles north of Charleston and just 25 miles south of Myrtle Beach. High traffic volume, strong household income in the area, and monument signage are just a few of the benefits to this property. Pawley's Island is known as one of the most pristine resort areas on the East Coast and benefits from surrounding restaurants, affluent housing, hotels, and various shopping destinations.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

GC

APN/PARCEL ID

04-0155-001-01-11

ASK ABOUT THIS PROPERTY

Reid MooreTOA CommercialMore Info
404-661-2137

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Reid MooreTOA CommercialMore Info
404-661-2137

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.