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    1377 Highway 501 Myrtle Beach, SC 29577

    For Sale
    $775,000

    Commercial Lot - Sale - Myrtle Beach, SC

    Lot size:
    0.63 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 1377 Highway 501

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    HC-1
    Lot size
    0.63 Acres

    Building Details

    Architectural style
    Other

    The Litchfield Company Real Estate Sales (843) 237-4000 [email protected]

    Listing agent Abernethy & Jones Commercial Group (843) 979-6754

    Listing date Oct 1, 2025

    MLS# 2523912 Listing URL

    Copyright © 2025 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Lot in Myrtle Beach

    This 0.63-acre commercial out-parcel is situated at the intersection of Highway 501 and 3rd Avenue in Myrtle Beach. The location benefits from a master storm water system already in place with the existing shopping center, removing the necessity for on-site retention. The site is zoned HC-1. Redevelopment of the downtown Myrtle Beach area is underway, located down Highway 501 toward the beach. The traffic light at the intersection has been approved for revision, with work expected to begin by the end of the year and be completed within three to four months. The location offers high visibility. Plans illustrate potential uses such as a gas station, quick service restaurant, and coffee drive-thru. Expansion into the existing shopping center's parking lot to create a full 1-acre parcel may be possible. This presents an opportunity to secure a hard corner at a newly revised SCDOT traffic light.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8985083
    Latitude
    33.6980497

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    FAQs

    What type of property is this?
    Commercial land - 0.63-acre out-parcel at a signalized intersection, ideal for development.
    Where is this commercial land located?
    The property is located at 1377 Highway 501 Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Hard corner location at a newly revised SCDOT traffic light intersection of Highway 501 and 3rd Avenue.; - Master storm water system in place, eliminating the need for on-site retention.; - 0.63-acre out-parcel with potential to expand to a full 1-acre parcel.
    (843) 979-6754
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    1377 Highway 501 Myrtle Beach, SC 29577
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    Myrtle Beach, SC 29577
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1377 Highway 501 Myrtle Beach, SC 29577
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