Land/Building For Sale Ocean HWY

Retail-Commercial for Sale
Sale Pending
Also listed as Vacant Land
Catylist Listing ID: 30579732
Property Subtypes: Free-Standing Building, Retail-Pad, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 2,151 SF
Gross Land Area: 1.87 Acres
Sale Price: $825,000
Unit Price: $383.54 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,151 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2021

Overview / Comments

This 1.87-acre site is currently the site for Willoughby’s, which is a local bar & entertainment venue in Leland located on Highway 17 between Magnolia Greens and Brunswick Forest. Visibility and access from Highway 17 are excellent.
This commercial corridor is the center of most retail, restaurant, office and medical development in northeast Brunswick County. Scores of national, regional and local retailers are within one mile of this site. The property’s current zoning permits all the commercial activities mentioned above.
The bar business is currently operating in the existing building but the value of this property will be found by razing the building and redeveloping the site.

One half mile south of Magnolia Greens on the west side of Highway 17.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Tax ID/APN: 04700026
Zoning: CO-CLD
Retail Clientele: General
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Fair
Year Built: 1988
Legal Description: 1.87AC DB PL 729/410

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,645 18,296 26,558
Median Age: 43.74 40.76 39.43
Households: 1,117 7,561 11,159


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