Post on 04-Aug-2020
transcript
C O M M E R C I A L T R A C T
MY
RT
LE
B
EA
CHRiver Oaks
±20 Acres
PROPERTY OVERVIEW
Asking price per acre: $247,500 Approximately 1,300’ of River Oaks Dr. frontage
Located at the signalized intersection of River Oaks Drive & Augusta Plantation Dr.
Located only 2 miles from Hwy 501 and less than 3 miles from International Dr.
Soils report and approved PDD on hand Utilities TBD
Surrounded by single and multi-family communities
Zoned PDD Horry County TMS # 173-00-01-047
property aerial
Carolina Bays Pkwy
River Oaks Dr
Intracoasta
l Waterway
Carolina Bays Pkwy
Augusta Plantation Dr
Waterway Palms Plantation
The Bluffs on Waterway
Carolina Waterway Plantation
World Tour Golf Course
Berkshire Forest
Heatherstone
Seaside Grove Apartments
Myrtlewood Golf Club
Bellegrove
The Farm at Carolina Forest
River Oaks Elementary
Rive
r Oak
s Dr
Subject Property
Forest Village Shopping Center
Due Diligence Materials On Hand
W E T L A N D D E T E R M I N A T I O N
W E T L A N D D E L I N E A T I O N M A P
A P P R O V E D P D D
S O I L R E P O R T
Subject Property
Carolina Forest Blvd
Carolina Bays Pkwy
River O
aks Dr
International Dr
Carolina
Bays Pk
wy
Myrtle Beach International
Airport
Carolina
Bays
Pkwy
To Conway, SC
Intraco
astal W
aterway
Intraco
astal W
aterway
Intracoastal Waterway
The Market Common
Coastal Grand Mall
Stone Theaters Grand 14
Seaboard Commons
501 CommonsMyrtle Beach
Business District
Myrtle BeachPelicans Ballpark
Broadway atthe Beach
Topgolf(Early 2019)
Broadway Grand Prix
Ripken Experience Baseball Complex
Grand Strand Medical Center
Myrtle Beach Speedway
TANGER OUTLET
57,100 VPD
44,300 VPD39,000 VPD
39,000 VPD
32,000 VPD
25,400 VPD
48,000 VPD
School EnrollmentOcean Bay Elementary 811
Ocean Bay Middle 1,189
Academy for the Arts, Science & Technology
Unavailable (New)
Ten Oaks Middle New
River Oaks Elementary 976
Myrtle Beach High School 1,442
Myrtle Beach Elementary 755
Myrtle Beach Intermediate 724
Myrtle Beach Primary 880
Myrtle Beach Middle 1,043
St. Andrews Catholic 219
Bridgewater Academy Charter 124
Christian Academy of Myrtle Beach 365
Carolina Forest Elementary 1,053
Carolina Forest High School 2,268
Forestbrook Middle 1,271
Forestbrook Elementary 1,023
Socastee High School 1,626
Socastee Elementary 716
Palmetto Academy of Learning & Success
320
area amenities
Myrtle Beach, also known as “The Grand Strand”, is
located in northeastern South Carolina on a 60-mile
continuous stretch of beach. Ranked as the second
fastest-growing metropolitan area in the country (per
2018 census estimates), #1 in U.S. News & World Report’s
2018 relocation ratings, Myrtle Beach is eclipsing
lowcountry contemporaries Charleston and Hilton Head
for the first time. The total annual growth of 3.9% has
boosted Myrtle Beach into national discussions as not
only a vacation hotspot, but a permanent residence
destination. Cost of living is well below other high-
growth metros on the Atlantic seaboard. The current
median home list price in Myrtle Beach is $194,000,
compared to $345,000 in Charleston and $422,250 in
Hilton Head. The cost of living benefit has cause net in-
migration and a thirst for residential development and
new employment opportunities.
Myrtle Beach is one of the major centers of tourism
in South Carolina and the United States because of
the city’s warm subtropical climate and extensive
beaches. Recognized for its extraordinary golf courses
and beautiful coastline, Myrtle Beach is a top choice
when it comes to vacation destinations and relocation.
The coastal city boasts premier shopping destinations,
amusement parks, fishing and a variety of restaurants
and entertainment venues for people of all ages.
MYRTLE BEACH OVERVIEW
C O N T I N U E D O N N E X T P A G E
Booming & Diversified Myrtle Beach Economy
Myrtle Beach’s rapidly expanding economy is becoming increasingly
more diversified. With healthcare and tourism rapidly expanding,
the metro is expected to add over 18,000 jobs through 2022.
For the second year in a row, the Myrtle Beach MSA has been ranked as the second fastest growing metro in the nation. From 2016- 2017, the metro’s population increased by 3.7%
N A T I O N A L L Y R A N K E D E C O N O M I C D R I V E R S
A huge increase in the number of retirees is driving job gains in the healthcare industry, which is projected to grow at twice the national rate over the next decade.
Tourism employment has rebounded; the number of tourists has risen 25% since 2009.
Overall population gains are projected to be 3 times higher than the national average through 2020.
Average household Income is expected to increase from $84,394 in 2017 to $96,701 by 2022, an increase of 14.6%.
Anchor industry Leisure and Hospitality comprises 25% of total employment with Healthcare burgeoning.
Total employment has benefited as well, with more than 18,700 new jobs to be added by 2022.
BY THE NUMBERS
419,5854.0%99%8.1%
P O P U L A T I O N 2 0 1 7
U N E M P L O Y M E N T R A T E ( J U L Y 2 0 1 8 )
C O S T O F L I V I N G I N D E X
C O S T O F B U S I N E S S I N D E X
#7 Best US Golf DestinationYahoo! Travel Top 10
#1 Best Places People are Moving to in 2018U.S. News & World Report
#2 Best Beaches in AmericaTravel Channel
Top 25 Best Bang for Your Buck Spots for July 4thPriceline.com
Best Family Vacations in the USAU.S. News & World Report
Top 10 Most Group-Friendly Beach Cities Across the U.S.Hotelplanner.com
Top 25 Best Beaches in AmericaThrillist
Top 25 Most Popular Summer Vacation Rental Spots in the U.S.Tripadvisor
Moody’s Cycle Phase: Expansion
Key Industries: Tourism, Retirement, Logistics
Primary Growth Sectors: Healthcare
Non-stop Flights: 45+ Cities
ACCOLADES
2018
2017
R E S I D E N T I A L T R A C T
RIVER OAKS
Ansel BunchFirst Vice President+1 803 744 6861ansel.bunch@cbre.com
Adam Cates, CCIMSenior Advisor+1 843 945 4330acates@traddcommercial.com
CBRE, Inc.1333 Main Street Suite 210Columbia, SC 29201+1 803 779 7777 | www.cbre.us/columbia
©2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
CONWAY-WARDEN STATION TRACT±1,667 ACRES INTERNATIONAL
DRIVE TRACT±358 ACRES
CAROLINA FOREST COMMERCIAL TRACT
±46 ACRES
RIVER OAKS RESIDENTIAL TRACT
±285 ACRES
RIVER OAKS COMMERCIAL TRACT
±20 ACRES
RIVER OAKS WATERWAY TRACT
±200 ACRES