Retail Building on 0.93ac lot in Downtown Andrews

Retail-Commercial for Sale
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: 0.93 Acres
Sale Price: $300,000
Unit Price: $26.34 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/9/2021

Overview / Comments

9 S Morgan Avenue is a 11,390-sf freestanding retail building which sits on 0.31 ac. There are two additional adjacent lots (parking lot and grass lot) on S Morgan Avenue (Hwy 41) and E Elmwood St. Each of the additional lots are 0.31 ac, which brings the total acreage, including the building, to 0.93ac. 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, 06-0007-021-00-00
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 at the intersection of South Morgan Avenue and East Elmwood Street 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
Number of Stories: 1
Year Built: 1989
Parking Type: Surface
Zoning Description: General Commercial

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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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