1320 Highway 501 Myrtle Beach, SC 29577
Downtown Myrtle Beach NeighborhoodEstimated payment $4,982/month
Total Views
5,311
1.3
Acres
$611,538
Price per Acre
56,628
Sq Ft Lot
About This Lot
Property Overview Location: 1320 Highway 501, Myrtle Beach, SC 29577 Size: Approximately 1.3 acres Zoning: Commercial Property Highlights Prime Commercial Lot: This 1.3-acre parcel offers a unique opportunity for commercial development in a high-traffic area. High Visibility: Situated directly on Highway 501, the property benefits from substantial daily traffic, enhancing business exposure. Development Potential: The lot's size and zoning provide flexibility for various commercial ventures. Proximity to Surrounding Highways Highway 501: Direct frontage, serving as a primary artery into Myrtle Beach. Highway 17: Approximately 1 mile southeast, connecting the Grand Strand region. Highway 31 (Carolina Bays Parkway): About 5 miles west, offering a bypass around Myrtle Beach. Highway 544: Roughly 4 miles southwest, linking to Coastal Carolina University and Conway. New Developments and Businesses in the Area. Commercial Growth: The vicinity has seen an uptick in commercial listings, such as a 9.23-acre lot at the intersection of Highway 501 and Forestbrook Road, indicating robust development activity. Retail and Services: The area hosts a variety of retail outlets, dining establishments, and service providers, catering to both locals and tourists. Proximity to Downtown Myrtle Beach Downtown Access: The property is conveniently located approximately 2 miles northwest of downtown Myrtle Beach, providing easy access to the city's core attractions and amenities. Horry County and Myrtle Beach Growth Information Population Growth: Horry County experienced a 9% population increase between 2020 and 2022, totaling a 42% rise since 2010. Horry County, South Carolina, has experienced significant population growth in recent years. Between July 1, 2022, and July 1, 2023, the county attracted over 15,000 new residents through domestic migration, ranking it 10th in the nation for that period. This influx reflects a broader trend, as the county's population has grown by approximately 57.66% since 2010, reaching an estimated 426,140 residents in 2025. Additionally, Myrtle Beach, located within Horry County, has been recognized as the fastest-growing city in the United States for 2023. Tourism Impact: In 2023, Myrtle Beach attracted 17.6 million visitors, who spent billions during their stay. In 2024 there was a 4.7% increase in revenue from the previous year. Medical Facilities in the Area Grand Strand Medical Center: A comprehensive hospital offering emergency services, surgical care, and specialty treatments, located approximately 4 miles northeast. Conway Medical Center: A full-service hospital providing a range of healthcare services, situated about 12 miles northwest. Grand Strand Regional Medical Center is located about 5 miles from the property. This property at 1320 Highway 501 presents a prime opportunity for commercial development in a rapidly growing area, with excellent access to major highways, burgeoning local developments, and a thriving tourism industry.
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,905
Year Built
- 1957
Lot Details
- 1.3 Acre Lot
- Property is zoned HC
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,905 | $23,580 | $23,520 | $60 |
| 2023 | $6,905 | $23,580 | $23,520 | $60 |
| 2021 | $6,371 | $23,580 | $23,520 | $60 |
| 2020 | $6,613 | $25,655 | $25,091 | $564 |
| 2019 | $6,613 | $25,655 | $25,091 | $564 |
| 2018 | $0 | $45,547 | $45,163 | $384 |
| 2017 | $11,980 | $45,547 | $45,163 | $384 |
| 2016 | -- | $47,429 | $47,045 | $384 |
| 2015 | $4,885 | $59,189 | $47,045 | $12,144 |
| 2014 | $7,475 | $59,189 | $47,045 | $12,144 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/18/2025 01/18/25 | For Sale | $795,000 | -- | -- |
Source: Coastal Carolinas Association of REALTORS®
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | -- | |
| Warranty Deed | $393,000 | -- | |
| Warranty Deed | $235,000 | -- | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,000,000 | New Conventional | |
| Previous Owner | $300,000 | New Conventional |
Source: Public Records
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Source: Coastal Carolinas Association of REALTORS®
MLS Number: 2501534
APN: 42514030010
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Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.
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