Palmetto Pointe is a rapidly growing area located just outside Myrtle Beach city limts in the Socastee submarket with excellent access to Hwy 17 Bypass (just south of the entrance to the Market Common District) and Hwy 544 via the new Palmetto Pointe Blvd extension through Sayebrook (a new mixed use development planned for 1,800 residential units). Subject property is surrounded by high density residential developments. Permanent population within a 5 mile radius is 105,026. ADT on Palmetto Pointe Blvd is 8,800.