Subject property: The subject property is located directly across the street from the former Pavilion Amusement Park, which is owned by the Burroughs & Chapin Company. The site has frontage on 8th Avenue North and Chester Street. The property is located between what the Downtown Redevelopment Commission (DRC) calls the Central Amusement District and the South Mixed Use District. Approximately 1.05+/- Acres Approximately 120' Feet of Frontage on 8th Avenue North Approximately 270' Feet of Frontage on Chester Avenue TMS #181-07-03-011 ZONING: This Tract lies within the area under the authority of the Downtown Redevelopment Commission (DRC). AC-3 / OZ Downtown AC District (Accommodation Commercial). To facilitate and encourage redevelopment incentives have been put in place for development, the goal to create an area where people can live, work, visit and play. DOWNTOWN REDEVELOPMENT COMMISSION: The DRCs objective is to initiate and facilitate this Vision by redeveloping downtown Myrtle Beach. The Pavilion Area Master Plan (P.A.M.P.), as the project is also known, outlines a strategy to redevelop the core area of Myrtle Beach. The core area encompasses 300 acres of land and one and a half miles of oceanfront. The core has been defined as the area from 6th Avenue South to 16th Avenue North, and from the Atlantic Ocean to Oak Street and Broadway. To encourage and promote new development, the DRC has created Overlay Zones. The zones create incentives for developers, including reduced setback requirements, less restrictive PUD qualifications, elimination of floor area ratios, and height bonuses. City of Myrtle Beach.
Listing Date: 08-14-2013
Sold Date: 02-23-2015
Aprox Days on Market: 
1 Year(s), 6 month(s), 8 day(s)
Listing Sold: 
9 Year(s), 4 month(s), 15 day(s) ago
Asking Price: $949,000
Selling Price: $750,000
Price Difference:
Reduced By $199,000
Grazing Permits Blm: ,No,
Horse: No
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Irrigation Water Rights: ,No,
Farm Credit Service Incl: ,No,
Crops Included: ,No,
Hoa Frequency: NotApplicable
Hoa: No
New Construction: No
Mobile Home Remains: ,No,
Zoning: AC-3/OZ
Spa: No
Lease Renewal Option: ,No,
Garage: No
Carport: No
Open Parking: No
Attached Garage: No
Fireplace: No
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 1.05
Land Lease: No
Pool Private: No
County: Horry
View: No
Senior Community: No
Stipulation of Sale: None
Habitable Residence: ,No,
Property Sub Type Additional: Commercial,UnimprovedLand
Property Attached: No
Rent Control: No
Basement: ,No,
Sold Date: 2015-02-23T00:00:00
Tax Legal Description: LT 36 Bl 31
Electric On Property: No
Cooling: No
Heating: No
Waterfront: No
Elem: Myrtle Beach Elementary School
Middle: Myrtle Beach Middle School
High: Myrtle Beach High School
Courtesy of Keystone Realty Mb, Llc
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