Opportunity Zone_ Retail Building on 0.62-ac lot in Downtown Andrews
Retail-Commercial
for Sale
Also listed as Vacant Land
| Catylist Listing ID: |
30725177 |
| Property Subtypes: |
Free-Standing Building, Street Retail, Other
|
| Building Size (RSF): |
11,390 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.62 Acres
|
| Sale Price: |
$275,000 |
| Unit Price: |
$24.14 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/17/2022 |
Overview / Comments
9 S Morgan Avenue is a 11,390-sf freestanding retail building which sits on 0.31 ac. There is one additional 0.31-ac adjacent parking lot on S Morgan Avenue (Hwy 41), which brings the total acreage to 0.62 ac. This property is zoned General Commercial and is located within an Opportunity Zone in the Town of Andrews. The space is currently vacant and was previously occupied by a local florist and home shop. Prior to the florist, the property was occupied by BC Moore and Sons until 2010, when they sold to Stage Stores to bring a Peebles department store to the area, but ended up not occupying the space.
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Additional Details
| Nearest MSA: |
Georgetown |
| County: |
Georgetown |
| Taxing Authority: |
Town of Andrews |
| Tax ID/APN: |
06-0007-023-00-00, 06-0007-022-00-00 |
| Zoning: |
GENERAL COMMERCIAL |
| Retail Clientele: |
General, Business |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
E Main St |
| Traffic/Vehicle Count: |
6,000 |
| Highway Access: |
US Hwy 521 easily accessible |
| Airports: |
Myrtle Beach International Airport |
| Area Description: |
The property is on South Morgan Avenue between East Main and East Elmwood Streets in the downtown area of Andrews. It connected to locally owned Reynolds Drug store and adjacent to Georgetown Kraft Credit Union. The
property has easy access to Hwy 521 and is minutes away from major retailers and nearby amenities, such as Food Lion, CVS, Exxon, Dollar Tree and more. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1989 |
| Parking Type: |
Surface |
| Zoning Description: |
General Commercial |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,846 |
4,375 |
5,872 |
| Median Age: |
34.55 |
35.15 |
36.09 |
| Households: |
700 |
1,621 |
2,201 |
|
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