DOCK HOLIDAYS NORTH MYRTLE BEACH, SOUTH CAROLINA
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1 NORTH MYRTLE BEACH, SOUTH CAROLINA Presented By: Cape Fear Commercial 1051 Military Cutoff Rd, Suite 200 Wilmington, NC (p) (f)
2 SUMMARY Location: Dock Holidays 13th Avenue North & Waterway Drive North Myrtle Beach, Horry County, SC Dock Holidays is located on the Intracoastal Waterway in North Myrtle Beach, SC, with access to Hwy 17 and surrounded by multiple golf course communities. Description: This offering offers a very unique and rare opportunity to purchase a portfolio of properties within Dock Holidays and The Sound subdivision. The sale includes: 1. Waterfront Restaurant, Marina Office & Grill, and Fuel Operator Stand 2. Marina Bulkhead and Dock 3. Boatslips 4. Future Development Land 5. Excess Land / Overflow Parking 6. Residential Lots Descriptions of each asset can be found in detail on the following pages of this offering. PIN: Zoning: 17 separate parcels, see following pages for tax details Four zonings: HC, R1, & R2 (North Myrtle Beach); and RC (Horry County) Flood Zone: AE - 12 Due Diligence: Click HERE to access all the due diligence documents. Price: $3,100,000 Owner: RL BB 2012 LTI-SC KFM PROPERTIES, LLC
3 ASSET DESCRIPTION SUBJECT Restaurant, Grill & Marina Shop, and Fuel Shed Marina Bulkhead and Dock Boat Slips (those divided by GREEN lines denote commercial slips) Future Development Land Excess Land / Overflow Parking Residential Lots
4 DUE DILIGENCE The sale includes: Waterfront Restaurant, Marina Office & Grill, and Fuel Operator Stand Commercial Units A, B and C Subject to the Dock Holidays Horizontal Property Regime Unit A is the Fuel Operator Stand - a small shed that is designed to run the fueling dock and rentals from Unit B is the Waterfront Restaurant - a +/- 9,072 SF waterfront restaurant, decks and a +/- 925 SF detached outdoor bar; all of which formerly operated as Dock Holidays Bar & Grill and Dynamites at Dock Holidays Unit C is the Marina Office & Grill - a +/- 2,040 SF building that includes a limited service grill and a marina office/lounge area Marina Bulkhead and Dock +/- 530 linear feet (approx. 50 linear feet of this is used by slips A1 & A2 - see below) Subject to the Dock Holidays Horizontal Property Regime Considered limited common area, and the maintenance cost is the sole responsibility of the owner Contains fueling dock Portion leased to boat charters and jet ski rentals Boatslips 8 boat slips, of which 5 are designated as commercial slips Includes slips A1, A2, A3, A4, A5 that are commercial slips and are - 45 linear feet each and slips A11, A42, and B28 that are +/- 40 linear feet each Owned fee simple Subject to the Dock Holidays Horizontal Property Regime Future Development Land +/ acres fronting the marina Zoned HC Residential Lots 3 SFR lots Two of the lots front the ICW (roughly 12k SF each) and are zoned R1 (North Myrtle Beach) The third lot is an interior lot roughly 21k SF) and are zoned R2 (North Myrtle Beach) Excess Land / Overflow Parking Three commercially zoned lots acres Two lots zoned HC (North Myrtle Beach), and one lot is zoned RC (Horry County)
5 PARCEL TAX INFORMATION Map # TMS PIN Acreage Zoning Tax Value Market Value* Legal Descrip on HC $1,084, $1,263, MARINA HPR; COMMERCIAL UNIT B HC $129, $203, MARINA HPR; COMMERCIAL UNIT C HC $205, $283, NMB MARINA; LT 7 (REVISED) HC $196, $271, NMB MARINA; LOT 5 (REVISED) HC $91, $137, NMB MARINA; LOT HC $80, $133, NMB MARINA; LOT HC $79, $132, NMB MARINA; LOT $102, $139, VEREEN SECT; UN#LT NX TO LT 25BLB HC $87, $87, X50 84 SKYLINE; THE SOUND LT 1 BL B R 2 $72, $72, THE SOUND; LT 2 BL B R 2 $238, $259, THE SOUND; LTS 3 & 4 BL B R 1 $178, $235, THE SOUND LT 2 BL A; 24X MASCOT R 1 $178, $235, THE SOUND; LT 3 BL A HC $15, $15, MARINA HPR; COMMERCIAL UNIT A *Market Value as presented by Horry County land records department
6 PARCEL TAX INFORMATION (CONT.) Map #* TMS PIN Linear Feet Zoning Tax Value Market Value** Legal Descrip on HC $38, $38, MARINA HPR; BOAT SLIP UNIT A HC $38, $38, MARINA HPR; BOAT SLIP UNIT A HC $38, $38, MARINA HPR; BOAT SLIP UNIT A HC $38, $38, MARINA HPR; BOAT SLIP UNIT A HC $38, $38, MARINA HPR; BOAT SLIP UNIT A HC $38, $38, MARINA HPR; BOAT SLIP UN A HC $25, $25, MARINA HPR; BOAT SLIP UN A HC $25, $25, MARINA HPR; BOAT SLIP UN B 28 *Boat slip loca ons shown on above survey are approximate **Market Value as presented by Horry County land records department
7 LOCATION MAPS
8 AERIAL SUBJECT SUBJECT
9 AERIAL SUBJECT
10 ZONING MAP SUBJECT
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AGENDA BOARD OF TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND JULY 29, 2010 Attachments to the items below can be viewed at the following link: http://www.dep.state.fl.us/secretary/cab/public_notices.htm
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