Belle Terre Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30319546
Property Subtypes: Free-Standing Building
Building Size (RSF): 39,800 SF
Gross Building Area: See Agent
Sale Price: $2,500,000
Unit Price: $62.81 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 5.86%
Last Updated: 12/1/2018

Overview / Comments

Belle Terre Plaza is a 3-building, 26 unit, 39,800 square foot mixed-use plaza adjacent to the Food Lion-anchored Forestbrook Village retail development 405’ frontage offers high visibility from Highway 501. 55,800 daily traffic count on Highway 501. Situated between Forestbrook, Bella Vita, and Carolina Forest, property is located in the fastest growing area in northeast South Carolina. Located less than 1 mile south of the intersection of Highway 501 and Highway 31/Carolina Bays Parkway.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Horry
Tax ID/APN: 41809040001
Zoning: HIGHWAY COMMERCIAL
Retail Clientele: General, Family, Business
Largest Nearby Street: Highway 501
Feet of Frontage: 405
Traffic/Vehicle Count: 55,800
Highway Access: Highway 501 is accessible from the nearby intersection of Highway 501 and Forestbrook Road. Property is located less than 1 mile south of the intersection of Highway 501 and 31.
Site Description: Belle Terre Plaza is a 3-building, 26 unit, 39,800 square foot mixed-use plaza adjacent to the Food Lion-anchored Forestbrook Village retail development 405’ frontage offers high visibility from Highway 501. 55,800 daily traffic count on Highway 501. Situated between Forestbrook, Bella Vita, and Carolina Forest, property is located in the fastest growing area in northeast South Carolina. Located less than 1 mile south of the intersection of Highway 501 and Highway 31/Carolina Bays Parkway.
Area Description: Accessible from Forestbrook Road, subject property is situation between the Forestbrook area(a bedroom community of Myrtle Beach), Belle Terre, and the Bella Vita residential developments. The Carolina Bays Parkway is located immediately north of subject property and provides connectivity to the polar ends of the Grand Strand.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Average
Year Built: 1986
Year Renovated: 2008
Construction/Siding: Aluminum Siding
Exterior Description: Property is a metal frame building with a stucco and slate facade fronting Highway 501.
Parking Type: Surface
Parking Description: Parking is available at the front and rear of the property.
Zoning Description: Subject property is zoned Highway Commercial by Horry County.
Lot Frontage: 405'
Land Ownership: Fee simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 41,266 81,920
Median Age: 35.44 35.22
Households: 16,303 32,509

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