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Freestanding Restaurant Property For Sale

Myrtle Beach, SC 29577 Myrtle Beach, SC 29577

Myrtle Beach, SC, 29577
$1,800,000
For Sale
Claim this Listing
$1,800,000

COMMERCIAL - Myrtle Beach, SC

Property Size4,608 SF
Lot Size3.25 Acres
Price / SF$390.63
AddedFeb 16
Days on Market149
Last RefreshJul 15 at 5:06 am

Property Features

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
Size
4,608 SF
Lot size
3.25 Acres

Building Details

Number of units
1

Listing agent David Alderman License #94466

Listing office Realty ONE Group DocksideSouth Myrtle Beach, SC

Listing date Feb 16, 2026

MLS# 2604115

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 freestanding restaurant property is located in a popular area of the South Strand in Myrtle Beach, South Carolina. The location benefits from high daily traffic counts exceeding 27,000. Situated close to the beach, the property features over 200 feet of road frontage and a pylon sign with a digital board. Constructed less than 25 years ago, the 4,608 square foot building includes ample storage, coolers, a freezer, and a hood system. Abundant parking is available on the 3.25-acre lot. The property is zoned for commercial use.

Key Highlights

  • High traffic location with over 27,000 vehicles passing daily
  • Freestanding restaurant property
  • Close proximity to the beach

Local Financial Insights For Specialty Retail

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 $104.0k $22.56
− Vacancy −$2.6k −$0.56
EGI $101.4k $22.00
− OpEx −$25.3k −$5.50
NOI $76.0k $16.50
4,608 SF · lease $22.56/SF/yr · vacancy 2.50% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.09M
$950.2K – $1.27M (±1% cap)
NOI $76,018 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M (±1% cap)
NOI $81,750 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Conventional restaurants

Similar Off Market Nearby

  • Mammy's Kitchen — 1010 N Kings Hwy, Myrtle Beach, SC 29577
  • Mr. Crab Calabash Seafood Buffet — 610 N Kings Hwy, Myrtle Beach, SC 29577

FAQs

What type of property is this?
Conventional restaurant - Freestanding restaurant in Myrtle Beach with high traffic and visibility.
Where is this conventional restaurant located?
The property is located at Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: High traffic location with over 27,000 vehicles passing daily; Freestanding restaurant property; Close proximity to the beach
Contact an agent
More about this property
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