14.96 acres, Highway 501

Transcription

1 Development Tract Offering acres, Highway 501 Highway 501 East Myrtle Beach, South Carolina, acres Highway Commercial Will Subdivide One of the Fastest Growing Areas in the Region Services Carolina Forest & East Conway Markets One of the Highest Traffic Corridors 60,000 AADT Courtesy of: Scott McNew, CCIM, SIOR Adam Cates th Avenue North, Suite 203 Myrtle Beach, SC (843)

2 Executive Summary acres, Highway 501 Highway 501 Myrtle Beach, SC List Price: $4,862,000 Price per acre: $325,000 Price per Square Foot: $7.46 Gross Acres: $14.96 Dimensions: 495 x Acres Highway Commercial Will Subdivide Cross Street Highway 501 Tax Map Parcel Market West Myrtle Beach Sub Market Carolina Forest Corner No Water Yes Sewer Yes Electrical Yes Property Descriptions Ingress/Egress Area Zoning Property Subject property is accessible from Highway 501 and offers 494 of frontage. This property serves a major residential growth area that includes Carolina Forest and East Conway. The Carolina Forest community is estimated to house over 60,000 residents at build out. East Conway is experiencing new residential growth that has fuelled the expansion of Conway Hospital, Coastal Carolina University and the Atlantic Center for Business and Industry. Property is zoned Highway Commercial by Horry County Planning & Zoning. The subject property is basically cleared, rectangular in shape and has approximate dimensions of 494 x 1241.

3 Plat

4 Regional Map Serving Central Horry County Convenient Access to Major Traffic Corridors 1/4 mile from entrance to Carolina Forest development

5 Aerial Map Sub Market Located near major employment centers One of the fasting growing area s in the county Highway 501 is the main traffic artery into Myrtle Beach

6 Carolina Forest Myrtle Beach s New Growth Engine Tremendous Residential Growth The Carolina Forest district is centered around a 12,000 acre master planned development that has boasted some of the most impressive growth in the Horry County area. There are over 24 subdivisions in and around Carolina Forest. Eventual population estimates are pegged at nearly 65,000 Residents. A Thriving School District The Carolina Forest School District is the fastest growing in Horry County. The district boasts some of the finest schools in the county with a record of exceptional test scores. Blackwater Middle Schools is a new school that was built specifically to service the western end of the Carolina Forest community. Unparalleled Commercial Activity Commercial development within Carolina Forest is limited to the two ends of Carolina Forest Boulevard. As Carolina Forest has evolved, density has increased dramatically leading to a focus on infrastructure development on the Highway 501 side of Carolina Forest.

7 Scott McNew CCIM, SIOR Senior Advisor Scott McNew, CCIM, SIOR serves as a Senior Advisor for Tradd Commercial specializing in the brokerage of office and raw land development within the coastal region of Myrtle Beach, South Carolina. Beginning his real estate career in 1992, McNew has secured over 250 transactions with a career sales volume of over $100 million. McNew has assisted with the brokerage of numerous development tracts, including 949 acres on Highway 905, 107 acres off Holmestown Road and 52 acres on Highway 501. Additionally, he participated in the contract of 68 lots during the initial launch of North Industrial Park in Myrtle Beach. Prior to joining Tradd Commercial, McNew was a commercial broker for 10 years with Prudential Burroughs & Chapin Realty, Inc. While there, he received numerous accolades, including the company's Agent of the Year award in He and a team member were ranked #1 in the nation for 2005 and #2 in 2004 for commercial production among the Prudential network. Cell Phone: smcnew@traddcommercial.com Previously, McNew served as a Senior Analyst with the Horry County Assessor's Office, where his responsibilities were hotel and golf course valuations, the design of a neighborhood coding scheme, and the development of valuation models and procedures. McNew has held the coveted Certified Commercial Investment Member designation since In 2006, he was awarded the Society of Industrial and Office Realtors designation. He is a licensed real estate broker in both South Carolina and North Carolina and is a Certified General Appraiser in South Carolina. He earned a Bachelor of Science degree in Management from Clemson University, Clemson, South Carolina. Adam Cates Advisor Adam Cates serves as an Advisor with Tradd Commercial and focuses on the commercial brokerage market in the Conway, South Carolina area. He is also a member of the Tradd medical & office team. Adam has assisted many national users with site selection needs to include New York Life, Progressive Insurance, AT&T, State Farm, and Spectrum Laboratory Network. Adam is a graduate of the University of North Carolina at Charlotte with a B.A. in Communications and Public Relations. He served the Greater Carolinas Chapter of the American Red Cross as a media relations specialist during the Hurricane Katrina crisis and provided media training for the Citizen Soldier Initiative. In 2000, Adam received his Eagle Scout designation. Cell Phone: acates@traddcommercial.com Adam is an active member in our community, participating in civic organizations and attending Trinity United Methodist Church. He is a member of the Conway Chamber of Commerce and sits on the Membership Services Committee and Economic Development/ Government Relations Committee. Adam is involved in local politics and serves as the vice chairman of the Horry County Republican Party and is a past chair of the Grand Strand Young Republicans. Adam is also a member of the Coastal Carolina Association of Realtors and involved in fundraising efforts for United Way.