Commercial Multifamily Apartment
311 3rd Ave. N Myrtle Beach, SC 29577
311 3rd Ave. N, Myrtle Beach, SC, 29577
$799,900
For Sale
$799,900
COMMERCIAL - Myrtle Beach, SC
Property Size4,122 SF
Lot Size0.18 Acres
Price / SF$194.06
Days on Market18
Property Features for 311 3rd Ave. N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- commercial
- Standard status
- Active
- Size
- 4,122 SF
- Lot size
- 0.18 Acres
Building Details
- Number of units
- 6
Listing Agency
Sloan Realty Group
(843) 213-1346
Myrtle Beach, SC
Listed by
Blake Sloan
(843) 222-9265
Added: Jul 1 Checked: Jul 18 at 6:06 pm
MLS# 2616683
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building is positioned as a residential income property, categorized as an apartment building/other apartment buildings. The listing identifies commercial zoning, supporting a mixed-use approach to ownership and operation. Property metrics provided include a total building size of 4,122 square feet and a lot size of 0.18 acres, reflecting a compact development scale.
The property is located at 311 3rd Ave. N in Myrtle Beach, South Carolina 29577, in Horry County. The asset’s address and municipal setting make it suitable for buyers looking at in-town, smaller-scale multifamily opportunities where land footprint matters.
From an ownership standpoint, this building may fit investors or owner-operators seeking a manageable multifamily asset within commercial zoning parameters. With the information provided, the most practical way to evaluate fit is to review the existing building layout and current or planned operating plan for the intended apartment use, alongside any zoning-related compliance for the specific tenant and operations model.
The property is located at 311 3rd Ave. N in Myrtle Beach, South Carolina 29577, in Horry County. The asset’s address and municipal setting make it suitable for buyers looking at in-town, smaller-scale multifamily opportunities where land footprint matters.
From an ownership standpoint, this building may fit investors or owner-operators seeking a manageable multifamily asset within commercial zoning parameters. With the information provided, the most practical way to evaluate fit is to review the existing building layout and current or planned operating plan for the intended apartment use, alongside any zoning-related compliance for the specific tenant and operations model.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.2k | $17.52 |
| − Vacancy | −$3.0k | −$0.74 |
| EGI | $69.2k | $16.78 |
| − OpEx | −$31.1k | −$7.55 |
| NOI | $38.1k | $9.23 |
4,122 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$543.6K
$475.6K – $634.2K
NOI $38,051 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$914.1K – $1.22M
NOI $73,128 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Queen Deli & Happy ...
Food Market
costom golf carts&sport ...
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Happy Scooter and blue ...
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FAQs
What type of property is this?
Apartment building - For-sale apartment income property with commercial zoning at a compact Myrtle Beach site.
Where is this apartment building located?
The property is located at 311 3rd Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $799,900.
