398 Blockade Dr

Land

398 Blockade Dr, Pawleys IslandSC 29585

Property Details

Location

Address
398 Blockade Dr, Pawleys IslandSC 29585
County
Georgetown
Submarket
Parcels
04-0165-045-00-00

Building Size

Building Size
Rentable Space
6,734 SF

Building Details

Type
 Land
Number of Buildings
3
Number of Units
8
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
2
Year Built
1960
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
1.99 Acres
Land (SF)
86,764 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
GENERAL RESIDENTIAL
Lot Depth
Lot Width

Contacts

Current Listings

8 Units Zoned for 24

6,734 SF$665,000
Cap Rate: 5%

Location, location, location! Excellent opportunity to develop one of the best parcels in Pawleys Island while enjoying existing income from the current units. Property is next to tidelands new residential homesite and 2 parcels down is another new residential homesite. Property is also a short golf cart ride to Pawleys Island beach down the south causeway. Take advantage of the existing 3 buildings with 8 units grossing over $50,000 but the greatest value is in the land. 2 acres in x-flood zone with many reports completed for development. 2 buildings and 24 units have been planned for the site. Army Corps of Engineers Report, GeoTech, Engineers report, General Residential Zoning have all been completed. Use the current income to offset fees while you're developing, permitting, etc. Property is always full and sellers have a waiting list of people wanting to rent the units. Property being sold as-is.

Location, location, location! Excellent opportunity to develop one of the best parcels in Pawleys Island while enjoying existing income from the current units. Property is next to tidelands new residential homesite and 2 parcels down is another new residential homesite. Property is also a short golf cart ride to Pawleys Island beach down the south causeway. Take advantage of the existing 3 buildings with 8 units grossing over $50,000 but the greatest value is in the land. 2 acres in x-flood zone with many reports completed for development. 2 buildings and 24 units have been planned for the site. Army Corps of Engineers Report, GeoTech, Engineers report, General Residential Zoning have all been completed. Use the current income to offset fees while you're developing, permitting, etc. Property is always full and sellers have a waiting list of people wanting to rent the units. Property being sold as-is.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: SCCMLS

More Information

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