74 Litchfield Drive Property Features Pawleys Island, SC · 2020-01-23 · +1 8439796754...

FOR SALE

74 Litchfield DrivePawleys Island, SC 29585

Property Features• Located off Highway 17 (Ocean Hwy)

on South Entrance to Litchfield Beach

• Total Lot size of 1.30 acres; Can beSubdivided into Two Parcels.

• Investment Opportunity and CurrentlyOperated as Golf Retail Shop

74 Litchfield Drive Pawleys Island, SCGeorgetown County TMS TMS # 04-0141-091-01-00

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

10554 Ocean HighwayPawleys Island, SC +1 8439796754

nai-lachicotte.com

For more information:

• Surrounding Outparcels of DominosPizza, Subway and Sone Hibachi

Max Jones+1 843 251 4053 [email protected]

Chip Abernethy+1 843 241 2654 [email protected]

Chuck Cooper+1 843 240 2912 [email protected]

• Asking Price of $679,000

74 Litchfield DrPawleys Island, SC 29585

Property Summary Report

BUILDINGType: Retail

Subtype: Freestanding

Tenancy: Single

Year Built: 1970

GLA: 5,023 SF

Floors: 1

Typical Floor: 5,023 SF

Docks: None

Construction: Reinforced Concrete

LANDLand Area: 1.30 AC

Zoning: GC

Parcel 04-0141-091-01-00

EXPENSES PER SFTaxes:

KEY TENANTSGolf Center 5,708 SF

AMENITIES

Signage

LEASINGAvailable Spaces: No Spaces Currently Available

TRAFFIC & FRONTAGE

Made with TrafficMetrix® Products

Traffic Volume: 30,227 on Ocean Hwy & Midway Dr (2018)

28,989 on Ocean Hwy & Channel Bluff Ave (2012)

Frontage: 202' on Litchfield Dr (with 1 curb cut)

TRANSPORTATIONParking: 10 free Surface Spaces are available; Ratio of 1.99/1,000 SF

Airport: 33 minute drive to Myrtle Beach International Airport

Walk Score ®: Car-Dependent (36)

Transit Score ®: Minimal Transit (0)

PROPERTY CONTACTSTrue Owner: Philo David K Recorded Owner: Philo David K

Copyrighted report licensed to NAI Lachicotte - 982245.

Aerial / Map Report

74 Litchfield Dr - Pawleys Island, SC 29585


ALL FIELDS DETAILMLS # 1822448Status ACTIVEType CommercialAddress 74 Litchfield Dr.Address 2 The Golf CenterCity Pawleys IslandState SCZip 29585Area 42A Pawleys Island Area

-Litchfield MainlandClass COMMERCIAL

/INDUSTRIALAskingPrice

$679,000

Sale/Rent For Sale

Present Use Retail/Wholesale

Business Offered NoInside City Limits NoEnvironmentalStudy

No

Wetlands UnknownUndergroundStorage Tanks

No

Signed Disclosure YesDesignated FloodPlain

Yes

GENERALNumber of Acres 1.300000Agent Hit Count 2244 Sided Lot Measurement 202x266x216x236Client Hit Count 34CSL Subagents Fee 0County GeorgetownBuyers Broker Fee 3Stipulation of Sale NoneType of Agency Exclusive Right to SellOwners Name PhiloVariable Commission (Y/N) NoName of Business The Golf Center# of Stories 1Listing Agent The Commercial Group - Cell: 843

-979-6754Non-Conforming (Y/N)Co-Listing Agent Chip Abernethy - Cell: 843-241-2654List TeamZoning CommercialGross Annual IncomeSection/SubdivisionGAI Projected-ExistingGross Annual Oper. Exp.GAOE Projected-ExistingNet Annual Oper. IncomePrevious Tax Map#Total Heated SQFTDisplay on Realtor.com YesDisplay on MyrtleBeachOnline.com YesLast Photo Update DateGeocode Quality Manually Placed PinSold Price Per SQFTDisplay on Internet YUpdate Date 9/11/2019 11:31 AMVOW Address YesVOW AVM Yes

TMS/PIN# 04-0141-091-01-002nd TMS/PIN #3rd TMS/PIN #Listing Office NAI Lachicotte - Main Line: 843-241-2654Legal Description LOT B-1 and B-2Seating CapacityEst. Gross SqFt 4600Net Leasable Space 4500Estm. Road Frontage 202Total Parking SpacesBuilding Rented (Y/N) YesBuildings 1Number of Units 1MLS Approved Lockbox NoTriple Net Charges/mo. n/aUpdate Date 9/11/2019Status Date 11/5/2018HotSheet Date 9/11/2019Price Date 9/11/2019Input Date 11/5/2018 10:57 AMAssociated Document Count 2Original Price $779,000Days On Market 321Eave Height Ft.Transaction Broker Fee 3.00Zip 29585Listing ServiceOff Market DatePicture Count 9Search By MapInput Date 11/5/2018 10:57 AMVOW Include YesVOW Comment YesSell Team

FEATURESImprovedYes

Will SellSell In EntiretyWill Divide

Type BusinessOfficeRetail StoreOther

Sale IncludesBuildingLand

Heating/CoolingCentral HeatCentral Air

Water/Sewer WaterPublic

Lease TypeNone

SpecialPlat(s)

PossessionClosing

ShowingCall Listing AgentOccupied

FINANCIALBase Rent per Sq. Ft. Annual Taxes $4500Estimated Heated Sq. Ft. 4001-4500 Annual InsuranceEst Sq. Ft. Under Roof 4501-5000 Annual Cam per Sq. Ft.

FINANCIALApproximate Year Built

SOLD STATUSHow Sold Aggregate ValueContract Date Sold / Lease PriceClosing Date Total SQFTSelling Agent Total Sq. Ft. Under RoofSelling Office Sellers ConcessionLease Type Lease Terms/Months

DRIVING DIRECTIONSDriving Directions South on HWY 17, just past the entrance to Litchfield Country Club, turn left at light at Eagles Beach Store onto Litchfield Road.

Building on Right. North on HWY 17, just past the Litchfield Fish House and Subway, turn Right at traffic light. Building on Right.

AGENT TO AGENT REMARKSAgent to Agent Remarks Plat available to show division of lot into 2 parcels. Not recorded. Elevation Certificate available. See Associated Docs. This

listing is for Building and Total Acreage of 1.30 acres. MLS Listing #1822451 for B-2 parcel only for $399,000 of 0.75 Acres.

PUBLIC REMARKSPublic Remarks Commercial Land and Building with Marsh Views! This one of a kind commercial property is located at the entrance to South Litchfield in

Pawleys Island. The property is currently a well known golf retail shop. Total Lot size of 1.30 acres and can be subdivided into twoparcels. Building is great for any retail, restaurant or office use. Situated near residential neighborhoods and commercial businessessuch as Subway, Eagles Beach Store and CresCom Bank. Public Access to Litchfield Beach is right down the street by the Litchfield Inn.

SHOWING INSTRUCTIONSShowingTime Instructions Please contact Listing Agent, Chip Abernethy to arrange a preview. 843-241-2654 or [email protected]

GENERALPrice Per SQFT

ADDITIONAL PICTURES

DISCLAIMERThis information is deemed reliable, but not guaranteed. Neither the Coastal Carolinas Association of REALTORS, nor the listing broker, nor their agents orsubagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by theCoastal Carolinas Association of REALTORS for use by its members and is not intended for use for any other purpose.

4,600 SF

1970

5,023 SF

Freestanding

General Retail

Rent/SF/Yr:

% Leased:

Total Available:

Year Built:

GLA:

Secondary:

Building Type:

Street Cross Street Cross Str DistCountYear

Avg DailyVolume

VolumeType

Miles fromSubject Prop

1 Ocean Hwy Channel Bluff Ave 0.24 SW 2012 28,989 MPSI .40

2 Ocean Hwy Midway Dr 0.09 NE 2018 30,227 MPSI .40

Traffic Count Report

74 Litchfield Dr, Pawleys Island, SC 29585


4,600 SF

1970

5,023 SF

Freestanding

General Retail

Rent/SF/Yr:

% Leased:

Total Available:

Year Built:

GLA:

Secondary:

Building Type:

Radius 1 Mile 3 Mile 5 Mile

Population

2024 Projection 2,910 12,502 17,164

2019 Estimate 2,773 11,733 16,297

2010 Census 2,282 8,641 13,072

Growth 2019 - 2024 4.94% 6.55% 5.32%

Growth 2010 - 2019 21.52% 35.78% 24.67%

2019 Population by Age 2,773 11,733 16,297

Age 0 - 4 78 2.81% 425 3.62% 573 3.52%

Age 5 - 9 85 3.07% 465 3.96% 623 3.82%

Age 10 - 14 105 3.79% 555 4.73% 736 4.52%

Age 15 - 19 109 3.93% 570 4.86% 760 4.66%

Age 20 - 24 92 3.32% 479 4.08% 649 3.98%

Age 25 - 29 89 3.21% 459 3.91% 619 3.80%

Age 30 - 34 81 2.92% 427 3.64% 568 3.49%

Age 35 - 39 87 3.14% 467 3.98% 629 3.86%

Age 40 - 44 100 3.61% 519 4.42% 711 4.36%

Age 45 - 49 128 4.62% 640 5.45% 887 5.44%

Age 50 - 54 156 5.63% 727 6.20% 1,024 6.28%

Age 55 - 59 205 7.39% 854 7.28% 1,224 7.51%

Age 60 - 64 277 9.99% 1,041 8.87% 1,505 9.23%

Age 65 - 69 349 12.59% 1,244 10.60% 1,796 11.02%

Age 70 - 74 336 12.12% 1,164 9.92% 1,666 10.22%

Age 75 - 79 235 8.47% 806 6.87% 1,136 6.97%

Age 80 - 84 140 5.05% 481 4.10% 660 4.05%

Age 85+ 120 4.33% 412 3.51% 530 3.25%

Age 65+ 1,180 42.55% 4,107 35.00% 5,788 35.52%

Median Age 61.30 55.80 56.50

Average Age 53.70 49.60 50.10

Demographic Detail Report






2019 Population By Race 2,773 11,733 16,297

White 2,593 93.51% 9,263 78.95% 13,501 82.84%

Black 142 5.12% 2,279 19.42% 2,542 15.60%

Am. Indian & Alaskan 4 0.14% 29 0.25% 44 0.27%

Asian 14 0.50% 39 0.33% 53 0.33%

Hawaiian & Pacific Island 4 0.14% 9 0.08% 13 0.08%

Other 16 0.58% 113 0.96% 144 0.88%

Population by Hispanic Origin 2,773 11,733 16,297

Non-Hispanic Origin 2,753 99.28% 11,565 98.57% 16,048 98.47%

Hispanic Origin 20 0.72% 168 1.43% 248 1.52%

2019 Median Age, Male 60.40 53.10 54.60

2019 Average Age, Male 52.40 47.70 48.50

2019 Median Age, Female 62.00 57.70 57.90

2019 Average Age, Female 54.90 51.30 51.40

2019 Population by OccupationClassification

2,484 10,175 14,212

Civilian Employed 1,088 43.80% 4,649 45.69% 6,682 47.02%

Civilian Unemployed 32 1.29% 132 1.30% 167 1.18%

Civilian Non-Labor Force 1,364 54.91% 5,394 53.01% 7,363 51.81%

Armed Forces 0 0.00% 0 0.00% 0 0.00%

Households by Marital Status

Married 783 2,868 4,114

Married No Children 653 2,270 3,254

Married w/Children 130 598 860

2019 Population by Education 2,496 10,161 14,251

Some High School, No Diploma 67 2.68% 208 2.05% 424 2.98%

High School Grad (Incl Equivalency) 384 15.38% 2,196 21.61% 2,878 20.20%

Some College, No Degree 713 28.57% 2,760 27.16% 3,969 27.85%

Associate Degree 191 7.65% 921 9.06% 1,296 9.09%

Bachelor Degree 661 26.48% 2,292 22.56% 3,323 23.32%

Advanced Degree 480 19.23% 1,784 17.56% 2,361 16.57%





2019 Population by Occupation 1,957 8,304 11,863

Real Estate & Finance 143 7.31% 353 4.25% 499 4.21%

Professional & Management 674 34.44% 2,643 31.83% 3,821 32.21%

Public Administration 41 2.10% 95 1.14% 136 1.15%

Education & Health 117 5.98% 885 10.66% 1,279 10.78%

Services 242 12.37% 1,198 14.43% 1,698 14.31%

Information 34 1.74% 90 1.08% 109 0.92%

Sales 270 13.80% 1,049 12.63% 1,404 11.84%

Transportation 0 0.00% 0 0.00% 0 0.00%

Retail 156 7.97% 739 8.90% 985 8.30%

Wholesale 22 1.12% 102 1.23% 141 1.19%

Manufacturing 92 4.70% 441 5.31% 690 5.82%

Production 40 2.04% 242 2.91% 360 3.03%

Construction 39 1.99% 166 2.00% 238 2.01%

Utilities 27 1.38% 112 1.35% 173 1.46%

Agriculture & Mining 11 0.56% 29 0.35% 89 0.75%

Farming, Fishing, Forestry 0 0.00% 0 0.00% 16 0.13%

Other Services 49 2.50% 160 1.93% 225 1.90%

2019 Worker Travel Time to Job 971 4,363 6,241

<30 Minutes 649 66.84% 3,069 70.34% 4,460 71.46%

30-60 Minutes 286 29.45% 1,144 26.22% 1,490 23.87%

60+ Minutes 36 3.71% 150 3.44% 291 4.66%

2010 Households by HH Size 1,111 3,974 5,967

1-Person Households 324 29.16% 1,119 28.16% 1,560 26.14%

2-Person Households 575 51.76% 1,874 47.16% 2,932 49.14%

3-Person Households 100 9.00% 452 11.37% 680 11.40%




7 or more Person Households 4 0.36% 22 0.55% 29 0.49%

2019 Average Household Size 2.00 2.20 2.20

Households

2024 Projection 1,400 5,685 7,741

2019 Estimate 1,336 5,342 7,361

2010 Census 1,112 3,973 5,967

Growth 2019 - 2024 4.79% 6.42% 5.16%

Growth 2010 - 2019 20.14% 34.46% 23.36%





2019 Households by HH Income 1,337 5,342 7,364

<$25,000 168 12.57% 1,294 24.22% 1,585 21.52%

$25,000 - $50,000 261 19.52% 999 18.70% 1,410 19.15%

$50,000 - $75,000 259 19.37% 1,101 20.61% 1,588 21.56%

$75,000 - $100,000 204 15.26% 675 12.64% 913 12.40%

$100,000 - $125,000 89 6.66% 310 5.80% 484 6.57%

$125,000 - $150,000 71 5.31% 235 4.40% 335 4.55%

$150,000 - $200,000 123 9.20% 361 6.76% 489 6.64%

$200,000+ 162 12.12% 367 6.87% 560 7.60%

2019 Avg Household Income $103,510 $79,781 $83,324

2019 Med Household Income $73,392 $57,131 $60,116

2019 Occupied Housing 1,337 5,342 7,361

Owner Occupied 1,062 79.43% 4,194 78.51% 5,911 80.30%

Renter Occupied 275 20.57% 1,148 21.49% 1,450 19.70%

2010 Housing Units 2,238 7,853 10,537

1 Unit 1,460 65.24% 5,033 64.09% 7,125 67.62%

2 - 4 Units 144 6.43% 450 5.73% 823 7.81%

5 - 19 Units 285 12.73% 1,345 17.13% 1,564 14.84%

20+ Units 349 15.59% 1,025 13.05% 1,025 9.73%

2019 Housing Value 1,062 4,195 5,910

<$100,000 110 10.36% 598 14.26% 757 12.81%

$100,000 - $200,000 29 2.73% 521 12.42% 817 13.82%

$200,000 - $300,000 191 17.98% 750 17.88% 1,071 18.12%

$300,000 - $400,000 220 20.72% 1,004 23.93% 1,321 22.35%

$400,000 - $500,000 185 17.42% 491 11.70% 805 13.62%

$500,000 - $1,000,000 254 23.92% 696 16.59% 977 16.53%

$1,000,000+ 73 6.87% 135 3.22% 162 2.74%

2019 Median Home Value $391,363 $322,759 $323,467

2019 Housing Units by Yr Built 2,296 8,253 11,197

Built 2010+ 59 2.57% 942 11.41% 989 8.83%

Built 2000 - 2010 489 21.30% 1,796 21.76% 2,526 22.56%

Built 1990 - 1999 1,103 48.04% 3,406 41.27% 4,636 41.40%

Built 1980 - 1989 351 15.29% 1,156 14.01% 1,604 14.33%

Built 1970 - 1979 184 8.01% 604 7.32% 878 7.84%

Built 1960 - 1969 62 2.70% 177 2.14% 248 2.21%

Built 1950 - 1959 39 1.70% 123 1.49% 163 1.46%

Built <1949 9 0.39% 49 0.59% 153 1.37%

2019 Median Year Built 1994 1995 1995


74 Litchfield Drive Property Features Pawleys Island, SC · 2020-01-23 · +1 8439796754...

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