The subject property sits on a single tract of land located in the third phase of Carolina Forest Commercial Center. The Carolina Forest Commercial Center is located on the south side of Carolina Forest Boulevard and is just outside of the “City Limits” of Myrtle Beach. This is beneficial because tenants do not need a city business license.

The subject is located in the unincorporated 12,000-acre community of Carolina Forest. This neighborhood is located between Conway and Myrtle Beach, and is bounded on the east by the Intracoastal Waterway (with about six miles of frontage), on the south by Highway 501, on the west by vacant land owned by International Paper Realty, and one the north by the Conway Bypass. Carolina Forest is about 4 miles northwest of Myrtle Beach and 6 miles southeast of Conway. With easy access to Highway 501, the location is convenient to either major employment center. It is also newly accessed by Robert Grissom Parkway and Postal Way, putting the eastern portion of the township within minutes of downtown Myrtle Beach.

The subject parcel contains .886± acres or 38,594± square feet. It has approximately 150 feet of linear frontage on Carolina Exchange Drive and 190± feet along Carolina Commercial Drive. The proposed improvements to the site will consist of a 16,293± heated square foot building with a tenant mix that building will include multiple retail/restaurant units on the first floor and multiple office suites on the second floor. Plans provided indicate 4 retail/restaurant units on first floor and 6 office units on the second floor. The design of the units allows combination/division of units for adaptable floor plans.

THE FACTS
17,000 Total square feet
16,293 Leasable square feet
Designed for 10 Suties
4 First Floor retail or restaurants
6 Second Floor office units
All units are adaptibile

THE FEATURES
Myrtle Beach address outside of city limits (no city tax)
Seam Metal Roof
Superior Wall System (Green Energy Efficient)
Hydraulic “Otis” Elevator
Built to the latest ADA standards

THE LOCATION
High traffic area
Close proximity to Highway 501 (ADT 55,000)
Easily accessible to HWY 501, HWY 31, and Postal Way
At the Southwest end of Carolina Forest (total build-out 65,000 people)
Walking distance to Post Office, Restaurants, Convenient Stores, Grocery Stores, and numerous Banks.

With the tax credit available immediately to use for a down payment or closing costs through a short term loan program, many people who otherwise would not qualify for mortgages are able to get into a home and this boost is fueling the resurgent market. All the paperwork for this credit and closing must occur before December 1st, so anyone wanting to take advantage of this program need to begin the process as soon as possible.

The recent attempts by the government to modify loans to prevent foreclosure is not going as smoothly as planned adding to the mounting home crisis. Sales have been climbing over the last few months this summer, but many analysts continue to believe the crisis has not seen its last days.