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1508 Azalea Dr
1,020 SF Office Condo Unit Offered at $135,000 in Myrtle Beach, SC 29575
Investment Highlights
- Reception Area
- Centrally located
- Front & Rear entry/exit and parking lots
Executive Summary
Brand new 3-year corporate Lease in place. 6 cap property. Renovated first floor office condo unit within a popular Surfside business park. Renovations include new flooring, paint, new energy efficient windows and LED lighting. The 1,020 sq/ft space includes a reception area & office, 3 additional offices with one having potential as a conference room, open printer area/common workspace, 1/2 bath and a kitchenette. Both the front and rear entries are shared with3 other tenants in the building. There is ample parking in the front and back of the building. New roof and windows approximately 5 years ago.
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Property Facts
| Price | $135,000 | Floors | 1 |
| Unit Size | 1,020 SF | Typical Floor Size | 1,020 SF |
| No. Units | 1 | Year Built | 1984 |
| Total Building Size | 1,020 SF | Lot Size | 0.69 AC |
| Property Type | Office (Condo) | Parking Ratio | 3.92/1,000 SF |
| Sale Type | Investment or Owner User | Sale Conditions | Lease Option |
| Building Class | B |
| Price | $135,000 |
| Unit Size | 1,020 SF |
| No. Units | 1 |
| Total Building Size | 1,020 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,020 SF |
| Year Built | 1984 |
| Lot Size | 0.69 AC |
| Parking Ratio | 3.92/1,000 SF |
| Sale Conditions | Lease Option |
1 Unit Available
Unit 801
| Unit Size | 1,020 SF | Cap Rate | 6.00% |
| Price | $135,000 | NOI | $8,100 |
| Price Per SF | $132.35 | Sale Conditions | Lease Option |
| Condo Use | Office | APN/Parcel ID | 45910030140 |
| Sale Type | Investment or Owner User |
| Unit Size | 1,020 SF |
| Price | $135,000 |
| Price Per SF | $132.35 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.00% |
| NOI | $8,100 |
| Sale Conditions | Lease Option |
| APN/Parcel ID | 45910030140 |
Description
Brand new 3-year corporate Lease in place. 6 cap property. Renovated first floor office condo unit within a popular Surfside business park. Renovations include new flooring, paint, new energy efficient windows and LED lighting. The 1,020 sq/ft space includes a reception area & office, 3 additional offices with one having potential as a conference room, open printer area/common workspace, 1/2 bath and a kitchenette. Both the front and rear entries are shared with3 other tenants in the building. There is ample parking in the front and back of the building. New roof and windows approximately 5 years ago.
Sale Notes
New 3-year lease begins November 27, 2023
Amenities
- Reception
- Fully Carpeted
zoning
| Zoning Code | Office (Commercial) |
| Office (Commercial) |
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Chris Marek - Marek Property Advisors
Learn More About Investing in Office Space
Presented by
Marek Property Advisors
1508 Azalea Dr
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