Listed by NAI | The Litchfield Company
$1,500,000
1443 Highway 17
Details
APN 31205020059, 31205020060
Property Type Hospitality
Sub Type Motel
Square Footage 7,486
Units 21
Price per SqFt $200
Stories 1
Acreage 1.650
Zoning HC (Highway Commercial)
Investment Type Redevelopment
Sale Condition N/A
Former motel and land available for redevelopment
Marketing description
This property consists of approximately 1.65 acres on Hwy 17. It includes the Lake Shore motel, which has been closed for a couple of years, and an existing single-family home currently occupied by the owners. The property is being sold as-is. The zoning is HC (Highway Commercial). While this district is no longer used in Horry County, this property is grandfathered in, allowing for many uses and making it an excellent opportunity for redevelopment.
Investment highlights
- Parcels: Consists of two parcels with approximately 180 feet of frontage along Hwy 17
- Stormwater: Adjacent to a large pond that could potentially be used for stormwater management
- Income: Includes an existing ground lease for a billboard that generates annual income
- Expansion Potential: An additional, connected 3.30 acres is also for sale. Combining both properties would create an estimated 5-acre site with Hwy 17 frontage
Listing Contacts
Listed by NAI | The Litchfield Company
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