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Shopping Strip

Georgetown Redevelopment

204- 214 S Fraser St, Georgetown, SC 29440

Listing Price: $900,000

Cap Rate
1.00%
Gross SF
14,203
Rentable SF
14,203
Price/Gross SF
$63.37
Lot Size
1.00 acres
Year Built
1945

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the redevelopment opportunity located in Georgetown (Myrtle Beach MSA), South Carolina. The subject property is approximately 14,203 square-feet and rests on nearly 1 acre of land on a hard corner lot on S Fraser Street/US Highway 17 which is one of Georgetown’s main and most heavily trafficked roadways with over 21,000 vehicles per day in direct exposure. Highway 17 is the main North-South thoroughfare in Georgetown and stretches across the entire southeast. It is the most common road used by travelers coming to and from Charleston (one hour south) and Myrtle Beach (half an hour north). National retailers surrounding the property include McDonald’s, Sherwin Williams, Walmart, O’Reilly Auto Parts, and many more. The property is walking distance to Front Street and the downtown Georgetown Historic District, a popular local place for restaurants and bars overlooking the water as well as shopping. Directly across the street from the property is the Georgetown Steel Mill (ArcelorMittal), one of Georgetown’s most prominent industries employing approximately 200 people. Other major employers in the area include the International Paper Co, processing plant with over 650 employees and the Santee Cooper utility plant with approximately 2,500 employees. Georgetown also has a significant medical presence with Tidelands Georgetown Memorial Hospital, a 131-bed state-of-the art medical facility.

Investment Highlights

  • Prime Corner Lot Redevelopment Opportunity in Georgetown, South Carolina
  • Multitenant Retail Building 14,203 SF/ 9 Suites | 1 Acre Lot
  • Existing Building can be Renovated and Re-Leased or Completely Redeveloped
  • Subject Property is Located in an Opportunity Zone
  • National Retailers in Surrounding Area Including CVS, McDonald's, Family Dollar, Burger King, Sherwin Williams & Others
  • Located on One of Georgetown's Main Roads, South Fraser Street/US Highway 17 with Daily Traffic Counts Over 21,000

Exclusively Listed By

Shopping Strip

Georgetown Redevelopment

Listing Price: $900,000

Cap Rate
1.00%
Gross SF
14,203
Rentable SF
14,203
Price/Gross SF
$63.37
Lot Size
1.00 acres
Year Built
1945

Investment Highlights

  • Prime Corner Lot Redevelopment Opportunity in Georgetown, South Carolina
  • Multitenant Retail Building 14,203 SF/ 9 Suites | 1 Acre Lot
  • Existing Building can be Renovated and Re-Leased or Completely Redeveloped
  • Subject Property is Located in an Opportunity Zone
  • National Retailers in Surrounding Area Including CVS, McDonald's, Family Dollar, Burger King, Sherwin Williams & Others
  • Located on One of Georgetown's Main Roads, South Fraser Street/US Highway 17 with Daily Traffic Counts Over 21,000

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the redevelopment opportunity located in Georgetown (Myrtle Beach MSA), South Carolina. The subject property is approximately 14,203 square-feet and rests on nearly 1 acre of land on a hard corner lot on S Fraser Street/US Highway 17 which is one of Georgetown’s main and most heavily trafficked roadways with over 21,000 vehicles per day in direct exposure. Highway 17 is the main North-South thoroughfare in Georgetown and stretches across the entire southeast. It is the most common road used by travelers coming to and from Charleston (one hour south) and Myrtle Beach (half an hour north). National retailers surrounding the property include McDonald’s, Sherwin Williams, Walmart, O’Reilly Auto Parts, and many more. The property is walking distance to Front Street and the downtown Georgetown Historic District, a popular local place for restaurants and bars overlooking the water as well as shopping. Directly across the street from the property is the Georgetown Steel Mill (ArcelorMittal), one of Georgetown’s most prominent industries employing approximately 200 people. Other major employers in the area include the International Paper Co, processing plant with over 650 employees and the Santee Cooper utility plant with approximately 2,500 employees. Georgetown also has a significant medical presence with Tidelands Georgetown Memorial Hospital, a 131-bed state-of-the art medical facility.

Exclusively Listed By

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