NORTH MYRTLE BEACH, SOUTH CAROLINA Presented By: Cape Fear Commercial 1051 Military Cutoff Rd, Suite 200 Wilmington, NC 28405 (p) 910.344.1000 (f) 910.344.1020
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
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
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 +/- 2.091 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 0.725 acres Two lots zoned HC (North Myrtle Beach), and one lot is zoned RC (Horry County)
PARCEL TAX INFORMATION 11 13 12 10 9 14 8 1 2 3 4 5 6 7 Map # TMS PIN Acreage Zoning Tax Value Market Value* Legal Descrip on 1 1440301122 35011010096 0.671 HC $1,084,100.00 $1,263,000.00 MARINA HPR; COMMERCIAL UNIT B 2 1440301123 35011010097 0.111 HC $129,600.00 $203,800.00 MARINA HPR; COMMERCIAL UNIT C 3 1301502051 35011010102 0.557 HC $205,100.00 $283,200.00 NMB MARINA; LT 7 (REVISED) 4 1301502049 35011010101 0.531 HC $196,700.00 $271,400.00 NMB MARINA; LOT 5 (REVISED) 5 1440301017 35011010100 0.34 HC $91,700.00 $137,100.00 NMB MARINA; LOT 4 6 1440301016 35011010099 0.333 HC $80,400.00 $133,700.00 NMB MARINA; LOT 3 7 1440301015 35011010098 0.33 HC $79,500.00 $132,200.00 NMB MARINA; LOT 2 8 1301502015 35011010125 0.241 $102,300.00 $139,100.00 VEREEN SECT; UN#LT NX TO LT 25BLB 9 1301502014 35011010124 0.242 HC $87,900.00 $87,900.00 24X50 84 SKYLINE; THE SOUND LT 1 BL B 10 1301502013 35011010123 0.242 R 2 $72,100.00 $72,100.00 THE SOUND; LT 2 BL B 11 1301502012 35011010122 0.483 R 2 $238,100.00 $259,300.00 THE SOUND; LTS 3 & 4 BL B 12 1301501004 35011010104 0.283 R 1 $178,300.00 $235,200.00 THE SOUND LT 2 BL A; 24X53 1986 MASCOT 13 1301501005 35011010105 0.281 R 1 $178,300.00 $235,200.00 THE SOUND; LT 3 BL A 14 1440301121 35011010095 0.005 HC $15,000.00 $15,000.00 MARINA HPR; COMMERCIAL UNIT A *Market Value as presented by Horry County land records department
PARCEL TAX INFORMATION (CONT.) 15 16 17 18 19 20 21 22 Map #* TMS PIN Linear Feet Zoning Tax Value Market Value** Legal Descrip on 15 1440301028 35011010023 HC $38,000.00 $38,000.00 MARINA HPR; BOAT SLIP UNIT A 1 16 1440301029 35011010083 HC $38,000.00 $38,000.00 MARINA HPR; BOAT SLIP UNIT A 2 17 1440301030 35011010012 HC $38,000.00 $38,000.00 MARINA HPR; BOAT SLIP UNIT A 3 18 1440301031 35011010048 HC $38,000.00 $38,000.00 MARINA HPR; BOAT SLIP UNIT A 4 19 1440301032 35011010049 HC $38,000.00 $38,000.00 MARINA HPR; BOAT SLIP UNIT A 5 20 1440301038 35011010047 HC $38,000.00 $38,000.00 MARINA HPR; BOAT SLIP UN A 11 21 1440301069 35011010091 HC $25,000.00 $25,000.00 MARINA HPR; BOAT SLIP UN A 42 22 1440301102 35011010021 HC $25,000.00 $25,000.00 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
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