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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