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1293 Professional Dr. - 2308512

$2,500,000

1293 Professional Dr., Myrtle Beach, SC 29577

Active
Last Updated: 02/01/2025

10,280 sqft

Building Size

0.61 acres

Lot Area

Details:
Building Size:    10,280 sqft
Lot Area:    0.61 acres
Units:    4
Year Built:    1996
Zoning:    OPI
MlsNumber:    2308512
Floors:    2
Parking Spots:    32
Highlights:
  • Max Contiguous Area: 10280.0
  • Age: 21-30 Years Old
  • Lot Size: 1/2 - 1 Acre
  • Sewer: Public
  • Water: City Water
Description:

Premier office location in the heart of Myrtle Beach in the heart of the Oleander Dr Office/Professional District. The Myrtle Beach MSA is one of the fastest growing areas in the US. Property is easily accessible via Hwy 17 Bypass or Grissom Pkwy. Close proximity to medical, professional, retail, and high density residential. Permanent population within a 5 mile radius 68,122.

From Hwy 17 Byp, turn onto 48th Ave N, then right onto Oleander Dr, then right on Professional Dr. Subject property is 2nd bldg on left (north side of Professional Dr)

10,040 SF two-story office building located in the heart of the Oleander Dr Office/Professional District. Located outside of Myrtle Beach city limits (Horry County jurisdiction). OPI Zoning. Suites A, B & D are leased as executive office suites on short term leases. Suite C is 2,400 SF of traditional office space (ground floor) comprised of reception area, 7 offices, conference room, kitchenette, storage room and multiple storage closets, and 3 restrooms. Square footage is approximate and not guaranteed. Buyers responsible for verification.

Map:
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Today's Available Mortgage Rates

1293 Professional Dr., Myrtle Beach, South Carolina 29577

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/06/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$8,986 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 56% LTV $0 Lender fees
Loan Amount $1,400,000 Loan Amount
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$8,935 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,375,000 Loan Amount
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$9,020 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,375,000 Loan Amount
Largest Commercial Real Estate Lending
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