MLS# 21002555 | 120 W Arctic Avenue Folly Beach SC | Folly Beach subdivision
843-225-7007
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Folly Beach, SC 29439
- 4Beds
- N/AFull Baths
- N/AHalf Baths
- 1,782SqFt
- 1950Year Built
- 0.24Acres
- MLS# 21002555
- Multi Family
- Sold
- Approx Time on Market2 months, 6 days
- AreaFolly Beach
- CountyCharleston
- SubdivisionFolly Beach
Overview
What a RARE find on Folly Beach. 120 W Arctic Ave is a FULL STREET TO STREET property zoned ISLAND COMMERCIAL. The potential uses for this unique and well kept property are numerous. Currently it is a top & bottom duplex with the upstairs being a 3BR/2BA property with great open spaces and finishes. The full front sunroom/porch offers excellent views of the ocean and is literally just steps from beach access and less than 1 block from Center St and all of the wonderful shopping and dining options that Folly Beach has to offer. Downstairs is currently a super cute 1BR/1Bath rental with its own covered patio and small screened in porch off of the kitchen.This property with minor alterations could accommodate either a 2nd stand alone structure to be built allowing for either another residential/rental space or a vibrant commercial space. The property is zoned Island Commercial. Island Commercial allows Tourism AccommodationUses (hotel/motel/inn) and also one residential unit over a non residential use (Folly CodeTable 164.01). The owner has also demonstrated that an Inn can be placed on this parcel under the 200'rule. This parcel is one of the last remaining lots on Folly Beach to allow such a structure to be built. And the options go on and on....live in one level now and rent the other level out while you wait to make your next moves. Currently there is also a large free standing garage on the lot that would offer great short or long term storage as well. This is that unique opportunity that just does not come up very often.....investors take note!
Sale Info
Listing Date: 01-31-2021
Sold Date: 04-07-2021
Aprox Days on Market: 
2 month(s), 6 day(s)
Listing Sold: 
3 Year(s), 17 day(s) ago
Original Asking Price: $1,295,000
Asking Price: $1,295,000
Selling Price: $1,195,000
Price Difference From Original:
Reduced By $100,000
Price Difference From Asking:
Reduced By $100,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1950
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.24
Lot Size Units: Acres
Acres: 0.24
Lot Sqft: 10454.4
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 2
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
Special: Flood Insurance
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Duplex
Room Info
Beds: 4
Sale / Lease Info
Sold Date: 2021-04-07T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Unit Sqft: 460
Unit Sqft: 1,322
Sqft: 1782
Unit Info
Number of Units Total: 2
Unit Bedrooms: 1
Unit Bedrooms: 3
Utilities / Hvac
Water Source: Public
Heating: Yes
Heat: Electric
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
Center St To End. Turn Right Onto W Arctic. Property Is Last On The Right Before Loggerheads.Courtesy of listing office Vacasa SC LLC
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